Magic Leap raises $461 million in fresh funding from the Kingdom of Saudi Arabia

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Magic Leap still hasn’t released a product, but they’re continuing to raise a lot of cash to get there. The Plantation, Florida-based augmented reality startup announced today that it has raised $461 million from the Kingdom of Saudi Arabia’s sovereign investment arm, The Public Investment Fund. The Saudi Arabian fund contributed $400 million of the raise, with “new investors” fronting the rest, the company said.

Source : Magic Leap raises $461 million in fresh funding from the Kingdom of Saudi Arabia | TechCrunch

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