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Magic Leap got another funding of $502 million from Series D round drove by Temasek

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Blended reality cut expanded reality startup Enchantment Jump reported today that it raised a $502 million Arrangement D round drove by Temasek with cooperation from EDBI, Grupo Globo, Janus Henderson, Alibaba Gathering, Constancy Administration and others. Simply a week ago, a Delaware recording affirmed that Enchantment Jump approved up to $1 billion in new offers.

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“We’re eager to welcome Temasek and the other new speculators in this round to the Enchantment Jump family,” Enchantment Jump originator and president Rony Abovitz said in a discharge. “We likewise incredibly value the solid help and association from our current investors.”

It’s as yet not absolutely clear what Enchantment Jump is doing, but rather it beyond any doubt has collected a huge amount of cash (more than $1.9 billion) keeping in mind the end goal to do whatever it is that it’s doing. To date, we’ve possessed the capacity to suspect that the organization might dispatch a gadget called “Enchantment Jump One.” And a month ago, Bloomberg proposed Enchantment Jump might equip to transport that gadget to a “little gathering of clients” in the following a half year or thereabouts.

You can tune in to the Value podcast group discuss Enchantment Jump’s desire on their show a week ago.

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Written by TimeOdd

TimeOdd is a leading technology media property, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

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