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"Magic Leap, the &amp;#8220;cinematic reality&amp;#8221; startup backed by Google \n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\tGOOG\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\n\t\t\t, is in the process of raising $827 million in new equity funding, based on documents filed in Delaware.\nThere had been reports back in October that the company was raising nearly $1 billion from investors like Alibaba Group \n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\tBABA\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\n\t\t\t, which was expected to invest around $200 million. The documents do not identify any investors, nor do they say whether the entire $827 million has been spoken for.\nPrior to this round, Florida-based Magic Leap had raised nearly $600 million from Google, Andreessen Horowitz, Kleiner Perkins Caufield &amp;amp; Byers, Kohlberg Kravis Roberts &amp;amp; Co. \n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\tKKR\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\n\t\t\t, Obvious Ventures, Vulcan Capital, Qualcomm Ventures, Peter Diamandis and Legendary Entertainment.\nPrivate market data provider VC Experts says that Magic Leap would be valued at around $3.7 billion were it to place all of the new Series C stock. A different research firm, PitchBook, puts the figure closer to $4.33 billion, apparently based in the inclusion of previously authorized common stock that has not necessarily been placed yet.\nA Magic Leap spokesman declined comment.\nBelow is a demo of the Magic Leap technology, although the company&amp;#8217;s actual product is not yet commercially available:"^^<http://www.w3.org/2001/XMLSchema#string>
<http://fortune.com/2015/12/09/google-backed-magic-leap-raising-827-million/>