(Reuters) - Magic Leap, a secretive startup working in the augmented reality space, said on Wednesday it raised $461 million in its latest funding round, led by the Kingdom of Saudi Arabia's sovereign investment arm.
The company said it raised $963 million in the series D round, taking the total funding to over $2.3 billion to date.
Saudi Arabia's Public Investment Fund joins a clutch of global names such as Alphabet Inc's (O:GOOGL) Google, Alibaba Group (N:BABA), Qualcomm Inc (O:QCOM), Time Warner's (N:TWX) Warner Bros and J.P. Morgan Investment Management which have invested in Magic Leap.
Magic Leap in October raised $502 million in a capital funding round, led by Singapore government-owned investment firm Temasek Holdings (TEM.UL).
The latest financing round comes as Magic Leap readies to ship in 2018 its long-awaited debut product, "Magic Leap One, Creator Edition", an AR headset built for developers.
Magic Leap said Allen & Co LLC served as its financial advisers.