As the Notorious B.I.G. once said, via his hit single, “Mo Money, Mo Problems.” However, it would appear that Magic Leap feels a bit differently about piling on the cash.
Magic Leap is currently in the midst of closing another funding deal, this time from Saudi Arabia’s Public Investment Fund (PIF) to the tune of $400 million, according the Financial Times. The funding would actually be an extension of the $503 million Series D round that Magic Leap closed last year.
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Once official, Magic Leap’s total funds raised meter would hit $2.3 billion. More recently, the company received an… more
Source: Magic Leap Working on $400 Million Extension of Last Year’s Series D Round Funding, Report Says
