Friday, February 12, 2016

Magic Leap raises $793.5 million in funding spherical light-emitting diode by Alibaba



Magic Leap opposition, a startup centered on increased reality technology, same on Tuesday it had raised $793.5 million in a very funding spherical light-emitting diode by Chinese ecommerce large Alibaba cluster Holding Ltd (BABA.N).

Magic Leap, that counts Alphabet opposition (GOOGL.O) and Qualcomm opposition (QCOM.O) among its investors, same cash additionally came from Time Warner's (TWX.N) Warner Bros unit and investment arms of Fidelity, J.P.
Morgan (JPM.N) and Morgan Stanley (MS.N).

The Florida-based company is developing a computing platform that it says can modify users to mix digital expertise with their physical lives. (bit.ly/1XjxvtV)

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