Magic Leap, the augmented actuality headset producer, has added one other couple hundred million dollars to its Series D funding spherical, this time $461 million led by The Public Investment Fund, Saudi Arabia’s sovereign funding arm, Tech Crunch reviews.
According to the report, the Saudi Arabian fund raised $400 million of the funding, whereas Magic Leap says “new traders” made up the remaining quantity.
Magic Leap most just lately took on an unspecified quantity from German media firm Axel Springer, producers of a number of German magazines together with Die Welt and Bild, in addition to English language on-line publications akin to Business Insider.
Magic Leap began their Series D financing spherical again in October final yr, taking up $502 million lead by Singapore-based finance agency Temasek Holdings. Not counting no matter sum Alex Springer invested within the firm, Magic Leap has taken on a complete of $2.3 billion in funding.
“The Magic Leap crew and I are completely satisfied to welcome The Public Investment Fund and the opposite new traders to the Magic Leap household.” mentioned CEO Rony Abovitz in an announcement. “We sit up for having them be part of us on our journey to construct an incredible future.”
Magic Leap says they’re on observe to launch Magic Leap One someday in 2018, the corporate’s AR headset unveiled in December final yr. No pricing or particular launch date has been made public right now.
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