By Reuters
US, 14 Oct 2014
Google and other investors are planning to invest about $500 million in hardware and software developer Magic Leap to deliver "cinematic reality", technology Web site Re/Code said, citing sources.
Google is leading the funding round for the company, the Web site cited sources as saying.
Venture capital firm Andreessen Horowitz may be one of the other investors in the consortium, Re/Code said.
Google, Andreessen Horowitz and Magic Leap could not be reached for a comment outside of business hours.
Magic Leap said in February it had raised more than $50 million to develop its proprietary technology platform.
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