Google set to lead $500 mln investment in Magic Leap: Report | HT Tech

Google set to lead $500 mln investment in Magic Leap: Report

Google Inc and other investors are planning to invest about $500 million in hardware and software developer Magic Leap Inc to deliver "cinematic reality", technology website Re/Code said, citing sources.

By:REUTERS
| Updated on: Oct 14 2014, 11:11 IST
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Google Inc and other investors are planning to invest about $500 million in hardware and software developer Magic Leap Inc to deliver 'cinematic reality', technology website Re/Code said, citing sources.

Google is leading the funding round for the company, the website cited sources as saying.

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Venture capital firm Andreessen Horowitz may be one of the other investors in the consortium, Re/Code said.

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Google, Andreessen Horowitz and Magic Leap could not be reached for a comment outside of business hours.

Magic Leap said in February it had raised more than $50 million to develop its proprietary technology platform.

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First Published Date: 14 Oct, 11:08 IST
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