The Business Times
business-time-50
SUBSCRIBERS

Magic Leap names EDBI, Temasek as investors in US$502m funding round

This means S'pore might feature on the global roadmap for Magic Leap's product launch

google-preferred-sourceAdd BT as a preferred source
Published Wed, Oct 18, 2017 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    A MIXED and augmented reality startup has attracted a new US$502 million cash infusion led by Singapore's investment firm Temasek Holdings.

    The Florida-headquartered startup Magic Leap also named EDBI, the venture capital arm of Singapore's Economic Development Board, Brazil's Grupo Globo and Janus Henderson Investors as strategic and financial investors behind the US$502 million Series D equity funding.

    EDBITemasek

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Kapa's pair of semi-detached houses in Westlake Avenue were rebuilt from a bungalow. Rather than produce a mirrored pair, the two homes were designed as a considered whole to look like part of an evolving streetscape.

    Costly renewals: Transforming an old landed house into your dream home is getting harder

    Taxes can make up about 38% of the retail price of RON95 petrol in Vietnam, according to industry estimates.

    Vietnam acts fast to shield firms, households from fuel price surge

    The RTS Link, which is expected to begin operations on Jan 1, 2027, could add a “new dimension” to spending patterns in JB towards the end of 2026.

    RTS Link unlikely to topple Singapore retail despite JB’s appeal: OCBC

    Goi Kok Ming is a graduate of California State Polytechnic University, Pomona. He has a bachelor's degree in computer information systems.

    Popiah King Sam Goi’s son to be CEO of PSC Corp

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More