AR startup Magic Leap raises $502 million in Series D

US-based augmented reality (AR) startup Magic Leap has announced that it has raised $502 million in Series D funding round led by Singapore-based venture fund Temasek Holdings. Investors EDBI, Grupo Globo, Janus Henderson, Alibaba, Fidelity Management and others also participated in the round. Magic Leap's last financing round, led by Alibaba, valued the company at $4.5 billion.