Mark Bergen / Bloomberg:

UK filings: since 2023, Saudi Arabia's PIF has put $750M into Magic Leap, including $160M so far in 2024; Magic Leap says it needs to raise more by next month  —  - Startup says in filing that it must raise more funds soon  — Magic Leap cut its entire sales and marketing teams in July

Mark Bergen / Bloomberg:

UK filings: since 2023, Saudi Arabia's PIF has put $750M into Magic Leap, including $160M so far in 2024; Magic Leap says it needs to raise more by next month  —  - Startup says in filing that it must raise more funds soon  — Magic Leap cut its entire sales and marketing teams in July

Source: TechMeme
Source Link: http://www.techmeme.com/240806/p17#a240806p17