Public Investment Fund provided $400m as the Temasek-backed AR technology developer took a round worth $963m.

US-based augmented reality headset developer Magic Leap increased a series D round featuring corporate investors Grupo Globo, Alibaba and Google to $963m yesterday. The company added $461m to the round, $400m of which came from Saudi Arabia’s Public Investment Fund. The rest was provided by new backers, including media group Axel Springer’s corporate venturing unit,…

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