Magic Leap has apparently raised another $350 million, in spite of itself – TechCrunch

[ad_1] Magic Leap has reportedly received a $350 million lifeline, a month after slashing 1,000 jobs and dropping its consumer business. Noted by Business Insider and confirmed by The Information, CEO Rony Abovitz sent a note to staff announcing the funding, courtesy of unnamed current and new investors. The who — and more importantly, why…

Investors buy The DiPP as accelerators go virtual – TechCrunch

[ad_1] Hello and welcome back to Equity, ’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we had a choice of all sorts of news, but as we cut the show together as a group Danny pushed all the funding rounds up. So, when Alex and Natasha jumped into the…

What happens if Magic Leap shuts down? – TechCrunch

[ad_1] Since first uploading a YouTube teaser video of its tech five years ago, Magic Leap’s presence in the augmented reality industry has been controversial. Some have lauded the team’s ambitions, while others I’ve talked to say the company’s posturing has dissuaded investors from taking chances on other AR hardware startups, which has hampered the…