Category: Magic Leap

While there aren’t too many who would consider investing in Magic Leap, an AR business, due to recent press regarding lawsuits and whatnot, but Saudi Arabia seems to be pretty optimistic about the company and their ability.

The Florida-based company hasn’t had any trouble attracting funding but the majority of this funding comes from two huge state-owned investment funds. Unlike in the past where Silicon Valley giants and VC’s were providing that funding. Saudi Arabia has invested $400m but naturally we suspect if there is another purpose for this investment, rather than as a business investment.