Is Chinese E-Commerce Giant Alibaba Investing in Magic Leap, a South Florida Augmented Reality Technology Firm?
The video above was reportedly shot using Magic Leap technology on October 14th, 2105, without the use of special effects or compositing.
Following reports in early October 2015 that Magic Leap was seeking yet more funding ($US 1 billion - which would value the company at US $4.5 billion) for their still secret (but rumored to be ground-breaking) augmented reality (AR) technology, an October 25th, 2015 report in recode suggests that "Chinese e-commerce giant Alibaba [has been identified as] the lead investor in a new round. Sources say Alibaba is likely to put around $200 million into the Florida based-company."
It was exactly one year ago that Magic Leap was said to have raised close to US $500 million in an earlier round from heavy-hitters like Google, chipmaker Qualcomm; Legendary Entertainment (producers of movies like “Godzilla” and “Interstellar”), Obvious Ventures (an investment fund co-founded by Twitter co-founder Ev Williams along with entrepreneur and investor James Joaquin) and Silicon Valley venture capitalists Andreessen Horowitz.
Posted by Randy Finch on Sunday, October 25, 2015
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