Sunday, May 28, 2017

AR Startup Magic Leap Seeks Round D Funding at $6-8 Billion Valuation

Backchannel, RoadToVR: The secretive AR startup Magic Leap is in the process of raising D round money at the company valuation of $6–8 billion, reportedly. Chinese Alibaba is said to be leading the new funding round.

Just 15 months ago, Magic Leap raised $793.5M, adding to the $592M it had previously raised and earning a valuation at $4.5 billion.

1 comment:

  1. With this level of irrational exuberance, a crash cannot be far away

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