Magic Leap has raised an impressive $3.48B across several major rounds, enabling it to build advanced augmented reality hardware and spatial computing technologies. Key rounds include a $350M Series F round in 2020, a $500M Series G at a $2B valuation in 2021, and a $590M conventional debt round in January 2024 led by the Public Investment Fund. Founded in 2011, Magic Leap created the pioneering Magic Leap One headset and continues developing enterprise AR solutions for medical, industrial, retail, and collaborative environments.