Magic Leap Raises more than $50M

Magic Leap, Inc., a Hollywood, Fla.-based developer of novel human computing interfaces and software, has raised more than $50m in its series seed and A rounds.

No backers were disclosed.

The company intends to use the funds for product development and commercialization of its proprietary human computing interface technology, known as Cinematic Realitytm.

Magic Leap was founded in 2011 by Rony Abovitz, President and CEO.



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