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Google Set to Lead Investment

Google Inc and different investors are planning to invest about $500 million (approximately Rs. 3,047 crores) in hardware and device developer Magic bounce Inc to deliver “cinematic truth”, expertise web site Re/Code stated, citing sources.

Google is best the funding round for the corporate, the website noted sources as saying.

Project capital firm Andreessen Horowitz could also be one of the different investors in the consortium, Re/Code said.

Google, Andreessen Horowitz and Magic bounce might no longer be reached for a comment outdoor of business hours.

Google Set to Lead $500 Million Investment in Magic Leap: Report

Ultimate week, Google Ventures funded app Snowball hit Google Play, a unified messaging platform that supports SMS, WhatsApp, fb Messenger, Google Hangouts, Twitter, Line, we chat, Snap chat, and Slack. It acts as an inbox for notifications from all these apps. The app makes use of chat heads for notifications, just like the pop-usa facebook Messenger displays on the Android residence display.

Google Ventures in July launched a fund dedicated to nurturing promising tech startups in Europe.

The Silicon Valley-primarily based internet titan had said it was once putting in place a Google Ventures administrative center with a mission of backing European entrepreneurs and putting $100 million (approximately Rs. 609 crores) into its account as a begin.

“Our goal is unassuming: we wish to put money into the best concepts from one of the best European entrepreneurs, and assist them carry those ideas to life,” Google Ventures managing associate invoice Maris mentioned.