May 22 - 10:05
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Magic Leap raises $350 million for shift to enterprise
Magic Leap continues to attract investors, despite the company's troubles in recent years. The augmented reality (AR) startup has scooped an astonishing $350 million in its latest funding round. This comes after rumours of a sale and provisional plans to lay off 1,000 staff. Those employees will now be retained. Magic Leap has switched its focus to enterprise AR rather than the consumer market.
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