Magic Leap Secures $502 Million

Robotics company Magic Leap announced it has raised $502 million in Series D financing led by Temasek Holdings. Edbi, Janus Capital, Alibaba Group, Fidelity Management & Research Company, and Globo also participated in the offering.

Magic Leap is a proprietary wearable technology that enables users to interact with digital devices in a visually cinematic way. Using its Dynamic Digitized Lightfield Signal™, users are able to generate images indistinguishable from real objects and then place those images seamlessly into the real world.