Backchannel, RoadToVR: The secretive AR startup Magic Leap is in the process of raising D round money at the company valuation of $6–8 billion, reportedly. Chinese Alibaba is said to be leading the new funding round.
Just 15 months ago, Magic Leap raised $793.5M, adding to the $592M it had previously raised and earning a valuation at $4.5 billion.
With this level of irrational exuberance, a crash cannot be far away
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