Google set to lead $636 million investment in Magic Leap

Google set to lead $636 million investment in Magic Leap

Google Inc and other investors are planning to invest about US$500 million (S$636 million) in hardware and software developer Magic Leap Inc to deliver "cinematic reality", technology website Re/Code said, citing sources.

Google is leading the funding round for the company, the website cited sources as saying. (http://on.recode.net/1tXLKnb) Venture capital firm Andreessen Horowitz may be one of the other investors in the consortium, Re/Code said.

Google, Andreessen Horowitz and Magic Leap could not be reached for a comment outside of business hours.

Magic Leap said in February it had raised more than $50 million to develop its proprietary technology platform.

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