Magic Leap in talks to raise $500 mn at $6 bn valuation
US-based virtual reality technology company Magic Leap is reportedly in talks with Singapore-based venture fund Temasek to raise $500 million at a valuation of $6 billion. The reports said Magic Leap will begin shipping its first device to a small group of users in six months time. In February 2016, Magic Leap raised $793.5 million, valuing it at $4.5 billion.