Mixed-reality startup Magic Leap secures $502M in funding

Mixed-reality startup Magic Leap has secured $502 million in Series D equity funding. The round was led by new Singapore-based investor Temasek, and means the company has raised almost $2 billion to date.

Magic Leap has spent most of its time working behind closed doors, but that hasn’t stopped investors from splashing the cash.

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Google was one of the first companies to back the startup, with the internet giant leading a $542 million funding round back in 2014. The mixed-reality specialist then caught the attention of investors in China, and managed to nab another $793.5 million in February last year.

Aftet that, the Floridian outfit teamed up with Lucasfilm to open a joint research lab and create a Star Wars-themed Magic Leap experience.  We’re still not entirely sure what Magic Leap’s consumer technology will look like, but a patent filing from 2015 offered a few interesting hints.