Magic Leap adds $461 million in additional funding led by Saudi Arabia

Augmented reality glasses maker Magic Leap has raised $461 million in additional funding from the Public Investment Fund, the Kingdom of Saudi Arabia’s sovereign investment arm, and some other new investors.

That brings the Plantation, Florida-based company’s fourth round of institutional funding to $963 million, and the total raised to date to $2.3 billion. The funding total is far higher than that of other companies in the fledgling AR business.