Bloomberg first reported last month that Temasek was considering taking part in the financing round, which was expected to value Magic Leap at about US$6 billion. The company declined to comment on the valuation. Magic Leap hopes to ship its first device to a small group of users within five months, people familiar have said.
Magic Leap has wowed investors with a promise to create a headset using a type of light-field technology that would result in superior augmented reality experiences, an area most major consumer technology companies are chasing. But it has never given a launch date for its device, nor offered much detail on how it would work.
