Magic Leap has completed a fresh round of funding, raising $500 million to continue its work on augmented reality.
The company did not give details on who contributed, but a statement by Magic Leap CEO Peggy Johnson refers to "ongoing support from existing investors."
Previous investors include Google, AT&T, Warner Bros, Alibaba and NTT Docomo.
Following the round, Magic Leap has been valued at approximately $2 billion.
, with the technology already in the hands of selected developers as part of an early access program.
The funding and product unveiling shows a renewed confidence at Magic Leap, following tough times in recent years.
The weaker-than-expected sales of the first Magic Leap headset prompted the company to lay off dozens of employees, with later redundancies made across every level of its workforce.
In March, it was reported Magic Leap was looking for a buyer but by May the firm was raising more investment, securing $350 million.
