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Briefing

Magic Leap Raises $500 Million Ahead of New AR Headset Launch

By
Mathew Olson
· · Source: The Information

Magic Leap, the troubled augmented reality company that underwent mass layoffs and a CEO change last year, has raised $500 million in funding at a valuation of close to $2 billion. That is well up on last year, when investors had written down their stakes in the company to a value of $450 million, although it is well short of the $6.4 billion at which Magic Leap raised money in 2019. The...

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