Singapore-based global fund EDBI, Brazil's Grupo Globo, and Janus Henderson Investors, along with its existing investors including Alibaba Group, Fidelity, Google, JP Morgan Investment Management, and T Rowe Price also participated.
It's still not totally clear what Magic Leap is doing, but it sure has raised a ton of money (over $1.9 billion) in order to do whatever it is that it's doing.
"We're excited to welcome Temasek and the other new investors in this round to the Magic Leap family", Rony Abovitz, Founder, President and Chief Executive of Magic Leap, said in a press release.
Abovitz has described it a "virtual reality and an acid trip", an nearly hallucinogenic experience in which the real world and the augmented world are one. Magic Leap is planning to ship an initial version of its headset - smaller than VR headsets like Oculus Rift but bigger than a pair of glasses - within the next six months, priced at $1,500-$2,000, according to the report. The technology hasn't really taken off yet in the consumer space, though Microsoft has received a lot of coverage for its Hololens implementation (which the company calls "mixed reality").
Images of a much larger test rig "leaked" earlier this year, though Abovitz rushed to assure observers that this did not represent anything like the finished product.
The mysterious tech company's head-mounted display is promising to project light fields into the user's eye that will then result in superimposing 3D imagery over real-world objects. Still, $502 million is not a bad step in that direction.
Ohio Senator Cliff Hite resigns
Hite apologized in his statement and added his health issues and what he called his mistake in judgment, led him to resign. I will announce an application process for selecting a replacement to the 1st Senate District seat by the end of the week.
Analysts Showing Optimistic Trends For Newell Brands Inc. (NWL)
Home Solutions segment designs, manufactures or sources and distributes a range of consumer products under various brand names. With 19,900 avg volume, 1 days are for RENOVACARE INCORPORATED (OTCMKTS:RCAR)'s short sellers to cover RCAR's short positions.
Harley-Davidson, Inc. (HOG) PT Set at $45.00 by Wedbush
Harley's USA retail motorcycle sales, or sales by dealers to customers, fell 8.1 percent in the third quarter ended September 24. The Harley Davidson Riding Academy expands the attractiveness of new pilots and is an essential part of the company's strategy.