, 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.
SAI WARNING - paywall
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BlackRock's Aladdin is targeting alternatives investments for growth - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
PayPal adds QR code payments to its app - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Can’t wait to see that happening. I also wish 7-11 will use it.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Microsoft launches Cloud for Healthcare - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Cloud startup BetterCloud used this pitch deck to raise $75 million - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Utah's $2.75 million contact tracing app is hardly being used: report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Looking for a graphic designer who can do your flyer,brochure,Business cards,catalog,Logo design for your own company?I am here for you contact me Funny... from UT and I had no idea about this. Signal boxes should be installed just for anonymous sighting
Source: BusinessInsider - 🏆 729. / 51 Read more »