Internal memo: Magic Leap has raised $350M from new and existing investors and is withdrawing notices laying off remaining employees
Magic Leap CEO Rony Abovitz told employees Thursday his struggling augmented reality firm had raised $350 million from existing and new investors.
Related Coverage
- Magic Leap just raised a $350 million investment round as it tries to secure its future … Business Insider · Hugh Langley
- Magic Leap raises $350 million and puts layoffs on hold Engadget · Mariella Moon
- Who Is Still Investing in Magic Leap in 2020? Gizmodo · Victoria Song
- Augmented reality company Magic Leap raises $350 million in new funding Axios · Dan Primack
- Magic Leap has apparently raised another $350 million, in spite of itself TechCrunch · Brian Heater
- Magic Leap Manages $350m Funding Raise, Layoffs Currently on Hold VRFocus · Peter Graham
- Magic Leap withdraws conditional layoff notices after raising $350 million Gamasutra · Chris Kerr
- Report: Magic Leap raises $350m in funding PC Games Insider · Alex Calvin
- Magic Leap raises $350m after mass layoffs GamesIndustry.biz · James Batchelor
- Troubled augmented reality company Magic Leap raises $350M SiliconANGLE · Duncan Riley
- Magic Leap's shell game continues with new $350 million investment MSPoweruser · Surur
Discussion
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@hughlangley
Hugh Langley
on x
SCOOP: Magic Leap just raised $350 million from current and new investors, just weeks after half the company was laid off. The new financing gives it a path forward, and secures jobs for remaining employees https://www.businessinsider.com/ ...
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@eringriffith
Erin Griffith
on x
wow, whoooooooo led this round?! https://www.businessinsider.com/ ...
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@tommylee
Thomas Lewis
on x
I'm glad to see good news on the horizon for @magicleap. Even though we (Microsoft) may be competitors, it's always a good thing to have people who care about this industry. Good people with some good ideas. I'm happy for them. Together we are heavy. 👓👩🏽 🚀 https://twitter.com/..…
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@mikeelgan
Mike Elgan
on x
Back from the brink. https://www.theinformation.com/ ...
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@jessiwrites
Jessi Hempel
on x
A magic leap of faith by investors... https://www.theinformation.com/ ...
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@dtunkelang
Daniel Tunkelang
on x
$350M is new funding for Magic Leap: that's quite a trick! https://www.businessinsider.com/ ...
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@tomgara
Tom Gara
on x
How does Magic Leap raise so much money, do they have a treasure map pointing them to sunken Spanish gold galleons or something? https://twitter.com/...
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@brianmcc
Brian McCullough
on x
Woah! Talk about a reprieve! https://www.techmeme.com/...
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@scobleizer
Robert Scoble
on x
Magic Leap lives on... https://twitter.com/...
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@alexeheath
Alex Heath
on x
Magic Leap CEO today told staffers the firm has raised $350 million from existing and new investors. The struggling AR startup is also withdrawing notices it sent remaining employees that they could be laid off next month if it can't secure financing. https://www.theinformation.c…