Just a week after rumors surfaced of a massive new investment in Magic Leap led by Saudi Arabia’s Public Investment Fund (PIF), the investment has been confirmed by the company’s CEO Rony Abovitz.
The investment amount from PIF is $400 million, with an additional $61 million coming from unnamed investors, for a total of $461 million, bringing Magic Leap’s overall funding to over $2.3 billion.
“The Magic Leap team and I are happy to welcome the Public Investment Fund and the other new investors to the Magic Leap family,” said Abovitz in a statement given to Next Reality. “We look forward to… more
Source: Magic Leap Confirms Massive New $461 Million Investment from Saudi Investors & Others
