The cinematic reality

Magic Leap Just Landed an Astounding Amount of VC Money

It’s official: Magic Leap, the secretive Florida startup developing  a “cinematic reality” device, has raised $793.5 million in new funding in what might be the largest “C” round in Internet history. “This will give us the confidence and the depth to think past our launch and make longterm decisions,” said CEO Rony Abovitz today. Many believe Magic Leap’s technology—along with a handful of competing VR and AR products—will usher in a sea change in how we use computers. Chinese e-commerce giant Alibaba led the round, and executive vice chairman Joe Tsai will take a seat on the company’s board. ….[READ]

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