$6 bn startup yet to sell any product gets another $461 mn
Augmented reality (AR) startup Magic Leap, which hasn't sold any products yet, has raised $461 million from Saudi Arabia's sovereign investment arm. The funding is part of a $963 million Series D round announced last year, taking the total funding to over $2.3 billion. The startup, valued at $6 billion, plans to ship its first product this year.