Magic Leap surpasses $1bn in total funding – report

Magic Leap has raised over $800m in its latest funding round.

Forbes reports the augmented reality start-up raised $827m in Series C funding, bringing the company’s total investment to more than $1.4bn.

The report cities filings obtained via a private market data tracker. The news has yet to be confirmed by Magic Leap itself.

The start-up initially brought in $50m in Series A funding at the start of 2014, and raised an additional $542m in Series B funding later that year.