A Timeline of Investor Interest in AR Startup Magic Leap, Which Has Raised $2.3B

NBA 6530
Strategic Alliances
Instructor
Desai, Rustom
SemesterFA24TypeReadingAccessView Material

Material Details

DescriptionThe article provides a detailed timeline of investor interest in Magic Leap, an augmented reality startup that has raised $2.3 billion in venture capital funding. It highlights key funding rounds, starting with a $50 million Series A in 2014, followed by a $542 million Series B later that year, and a $793.5 million Series C in 2016. The article also discusses the challenges Magic Leap faced, including skepticism about its product and high-profile negative reviews. Despite these challenges, Magic Leap continued to attract significant investments from major firms like Google, Alibaba, and QualcommPublisherCrunchbase NewsPublished2018

Additional Information

CompanyMagic LeapIndustryTechnologySectorPrivateHeadquartersNoFortune 500NoProtagonistYesPersonNo