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Florida Tech – Magic Leap Nearing Launch, Raising More Cash

Broward County-based augmented reality/wearable computing start-up Magic Leap could be about to get a massive cash infusion from Singaporean investment firm Temasek, according to several published reports.

By David Royse | LedeTree.com

Bloomberg says Magic Leap, which has already raised more than $1.3 billion, is seeking another half million from investors, and cites sources in saying the company could now be valued at close to $6 billion.

Magic Leap is working on a headset – smaller than VR headsets, but bigger than glasses – that would simulate 3-D images superimposed on the real world, according to Bloomberg.

The Daily Dot, which calls Magic Leap “mysterious” calls the company the “most intriguing player in AR (augmented reality).”

Last month, Upload reported on Magic Leap’s glasses patent, but noted the company says it isn’t the final design.

And last year, Forbes had a cool story describing the secretive company and it’s Fort Lauderdale-area headquarters.

About David Royse

David Royse
David Royse is the Editor-in-Chief of Ledetree.com. He has been a professional journalist for more than 20 years, including stints with The Associated Press and The News Service of Florida. He enjoys writing about health and medical science, and hopeful stories about scientific breakthroughs and new technology.

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