This article is based on our Weekly News Digest #3 from 22.01.2024. If you want to receive such analyses first, subscribe to our weekly newsletter. There, we analyze the most significant deals, elaborating on the financials and strategy behind them, while also covering the smaller transactions of the week.
US-based AR and MR headset maker Magic Leap has received $590m in debt financing from Saudi Arabia’s Public Investment Fund, bringing the total raised to $4.5B. The company aims to expand its immersive technology, optimize pricing, and focus on collaborative, spatial applications.
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