Magic Leap raises $793.5 million led by Alibaba
US-based virtual reality technology company Magic Leap on Tuesday raised $793.5 million in Series C funding round led by Alibaba. Existing investors Google and Qualcomm Ventures also participated in the round. Jack Ma, Founder of the Alibaba Group, has joined the board of Magic Leap. The recent funding has reportedly valued Magic Leap at $4.5 billion. 