Magic Leap Valued at $4.5 Billion With Funding From Alibaba

  • Google, Qualcomm also participated in $793.5 million round
  • Funding will accelerate and scale production to get to market

Magic Leap Inc., the secretive startup working on a device that simulates reality, has raised a new round of funding led by Alibaba Group Holding Ltd., valuing the company at $4.5 billion.

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