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Way in October, MagicLeap , the still-in-stealth-mode company developing an augmented-reality headset, announced that it has raised $502 million in Series D equity funding , led by Singapore investment firm Temasek Holdings. The post Google-backed MagicLeap Reveals Mixed Reality Music App appeared first on VR World.
And the AR industry took a major blow when The Information published a well-reported but speculative story saying that MagicLeap’s technology is not likely to live up to its demos. That’s pretty scary for the AR industry because MagicLeap raised $793.5 in 2016, according to data firm PitchBook.
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