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01:46 am – gradas – Humberto Ramirez Urdaneta Mcgee ||//
Magic Leap may be raising up to $1 billion in new funding

Magic Leap could soon be flying high as a $7 billion company ? without having yet launched a product.

Magic Leap, the secretive South Florida startup that has strongly hinted that its ?mixed reality? technology may soon be revealed, is seeking to raise up to $1 billion in fresh funding from investors, according to reports of a new corporate filing on Thursday.

The company, based in Plantation, has authorized the sale of more than 37 million shares of Series D stock at $27 each to raise about $1 billion, according to the Oct. 11 filing with the State of Delaware obtained by venture data company CB Insights.

The filing does not mean that the company will raise that much, but it could, and it did not mention any investors.

© Humberto José Ramírez

© Humberto José Ramírez Urdaneta

enlasgradas.com
The filing also did not mention how much the company has raised so far. Magic Leap has declined to comment.

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© Humberto José Ramírez

© Humberto José Ramírez Urdaneta

Tags: USA