Troubled Magic Leap just secured $350 million in investment - Business Insider

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Magic Leap just raised a $350 million investment round as it tries to secure its future – read the email CEO Rony Abovitz sent employees

, Magic Leap has just secured $350 million in financing as the augmented reality company tries to pave a way forward.

It's not clear who the investors are, but Magic Leap has attracted stakes from major names including Google, Alibaba, AT&T, and Warner Japanese telecom giant NTT Docomo in the past.recently reported that Magic Leap had turned to a major health care company for investment, possibly Zimmer Biomet, but it is unclear if Magic Leap secured that deal for this latest investment round.

"We are making very good progress in our healthcare, enterprise, and defense deals. As these deals close, we will be able to announce them,"wrote Abovitz in the email. He also said there are plans to close "possible additional investment" in the coming weeks.I am very happy to report today that we have secured financing for Magic Leap - and that we have closed the first phase of that investment and commitment today.

 

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