Magic Leap gets investment infusion of almost $800 million

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Google-backed augmented reality firm Magic Leap Inc. has received a big infusion of funding to help continue their efforts to get a product to market. Alibaba Holding Group Ltd. is providing $793.5 million in funding as they valued Magic Leap at $4.5 billion. As part of the funding deal, Alibaba’s co-vice chair Joe Tsai will join Magic Leap’s board. Read more

Evernote closes the book on Market to refocus on software

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Evernote is one of the most well-known brands in productivity circles with the success of their note-taking app that helps promote a digital lifestyle. Despite the success, they may be described as “beleaguered” having spread themselves thin with side business and efforts. The company has already been shutting down development of some software apps and now their resizing efforts continue in the physical world. Today they announced one of those potential distractions will be shutting down as Evernote transitions operations and order fulfillment for physical goods sold through the Evernote Market back to some of the partner companies. Read more