The company said that this round of financing was the second part of the latest round of funding for Magic Leap. The first part was announced in October last year and led by Singapore’s state-owned investment company Temasek.
Magic Leap has so far raised more than US$2.3 billion (about 14.6 billion yuan) in funds, and the company’s valuation has exceeded US$6 billion (about 38 billion yuan). Google, Alibaba, and Morgan Stanley are the company’s investor.
The Florida-based company employs approximately 1,400 employees and is currently developing an augmented reality helmet that can overlay 3D virtual images in the real world.
Magic Leap said that it will launch the device sometime this year. Last September, Bloomberg quoted informed sources as saying that the price of this device will be between 1,500 US dollars (about 9493 yuan) to 2,000 US dollars (12657 yuan) between.
Internally, Magic Leap has shown signs of inconsistency. In February of this year, Magic Leap sued his employee Todd Keil and stated that the employee tried to blackmail it with a threat of litigation.
Last week, Commercial Inside reported that Magic Leap also called the police to claim that an employee had stolen $1 million (6.33 million yuan) from the company.