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Another $500 million goes to magic leap

The doctor will see you now—bring your checkbook   Magic Leap was founded by Rony Abovitz in 2010 and raised $2.6 billion from a prestigious list of investors. In December 2016, Forbes estimated that Magic Leap was worth $4.5 billion. On July 11, 2018, AT&T invested in the company and became its exclusive partner.  Singapore’s Temasek valued the startup at ...

Jon Peddie

The doctor will see you now—bring your checkbook   Magic Leap was founded by Rony Abovitz in 2010 and raised $2.6 billion from a prestigious list of investors. In December 2016, Forbes estimated that Magic Leap was worth $4.5 billion. On July 11, 2018, AT&T invested in the company and became its exclusive partner.  Singapore’s Temasek valued the startup at $6.3 billion in 2018 and invested $963 million. On May 28, 2020, Rony Abovitz announced that Magic Leap had raised $350 million in new funding and that he would be stepping down as CEO. On July 7, 2020, the company
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