Mixed-reality startup Magic Leap secures $502M in funding

Mixed-reality startup Magic Leap has secured $502 million in Series D equity funding. The round was led by new Singapore-based investor Temasek, and means the company has raised almost $2 billion to date.

Magic Leap has spent most of its time working behind closed doors, but that hasn’t stopped investors from splashing the cash.

Couldn’t make it to VRDC Fall 2017? Catch up on Gamasutra’s coverage of the show here!

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Startup Torch3D raises $3.5 million for VR and AR prototyping platform

Portland based startup Torch3D has raised $3.5 million for their VR and AR prototyping platform which allows for designers to create 3D concepts and iterate on them without any previous game or software development knowledge.

The funds will be used to complete the company’s beta offering for public release, and to hire more individuals to expand the team of 5.

Couldn’t make it to VRDC Fall 2017? Catch up on Gamasutra’s coverage of the show here!

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