Sponsored By

Mixed-reality startup Magic Leap secures $502M in funding

Magic Leap has spent most of its time working behind closed doors, but that hasn't stopped investors from splashing the cash.

Chris Kerr, News Editor

October 18, 2017

1 Min Read
Game Developer logo in a gray background | Game Developer

Mixed-reality startup Magic Leap has secured $502 million in Series D equity funding. The round was led by new Singapore-based investor Temasek, and means the company has raised almost $2 billion to date. 

Magic Leap has spent most of its time working behind closed doors, but that hasn't stopped investors from splashing the cash.

Google was one of the first companies to back the startup, with the internet giant leading a $542 million funding round back in 2014. 

The mixed-reality specialist then caught the attention of investors in China, and managed to nab another $793.5 million in February last year. 

Aftet that, the Floridian outfit teamed up with Lucasfilm to open a joint research lab and create a Star Wars-themed Magic Leap experience. 

We're still not entirely sure what Magic Leap's consumer technology will look like, but a patent filing from 2015 offered a few interesting hints

About the Author

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

Daily news, dev blogs, and stories from Game Developer straight to your inbox

You May Also Like