Play all audios:
_ _ Magic Leap is developing augmented reality technology Source: Magic Leap __Magic Leap said on Tuesday it has received an additional $502 million in funding. The announcement confirms a
report from last month that said the company was about to secure new funds from, among other players, Temasek, a company based in Singapore. Janus Henderson Investors and Grupo Globo also
contributed to the D-round of investments. Magic Leap is an extremely secretive company that is aiming to produce a new sort of virtual reality experience, though little is known about the
project or how it works. The company, founded in 2010, has never given a broad public demonstration of its technology. It will likely compete directly with Microsoft's Mixed Reality
products and other VR initiatives, such as Facebook's Oculus Rift and the HTC Vive. The company had previously raised more than $1 billion in venture funding from high-profile investors
such as Alibaba, Alphabet's Google Ventures and Andreessen Horowitz.