Magic Leap reportedly looking to raise even more cash, this time at a $6 billion valuation

TechCrunch | 9/13/2017 | Lucas Matney
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Investors may not be done shoveling money into Magic Leap’s augmented reality ambitions quite yet.

The Plantation, Florida-based startup is reportedly in talks with Singapore-based Temasek Holdings to raise upwards of $500 million, valuing the AR company at around $6 billion, Bloomberg reports.

Sources - Bloomberg - Magic - Leap - Devices

Sources also told Bloomberg that Magic Leap will likely begin shipping devices to a “small group of users” in six months time and that the device could likely end up costing between $1,500-$2,000.

We have reached out to Magic Leap for comment.

Funding - Reality - Giant - Backers - Google

After having officially announced nearly $1.4 billion in funding, the augmented reality giant, with backers including Google, Alibaba and Andreessen Horowitz, has yet to even fully tease the consumer release of the headset that it’s billing as the Magic Leap One. Though the company has been given lengthy profiles in publications like Wired and Fortune, there haven’t been a ton of details in terms of a final product.

All we have seen are a slew of videos “shot directly through Magic Leap technology” that give a sense of what is possible with a football helmet-sized rig, but perhaps not in their final consumer product which the company believes will be sized like a pair of sport sunglasses.

Company - Talk - Interviews - Marketing - Materials

While the company has talked the big talk in interviews and marketing materials, it’s...
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