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Which startup has raised over $500 million in funds? [VIDEO]


It’s a startup that’s promising to bring magic back into the world of technology.

It’s called Magic Leap and, it looks awesome.

The company has just raised UD$542 million in Series B funding and, the list of people it is looking to hire is longer than my arm!

Magic Leap will use the proceeds to accelerate product development, release software development tools, expand its content ecosystem, and commercialise its proprietary mobile wearable system.

The series B financing round was led by Google Inc., with participation from Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, Legendary Entertainment, including a personal investment from CEO Thomas Tull, KKR, Vulcan Capital, Kleiner Perkins Caufield & Byers, Andreessen Horowitz, Obvious Ventures, and other investors.

So, what does it do? Watch this.

There’s still a lot of speculation about what’s really going on. So much so, that a cartoon has been spawned to make a guess.

Magic Leap – what does it do?