Magic Leap CEO Rony Abovitz is stepping down

Magic Leap CEO Rony Abovitz confirmed he has raised a new round of funding and announced he will step down as the augmented reality company’s top executive.

In a statement, Abovitz confirmed rumors that the company had raised a last-minute round of funding, but he didn’t say where it came from or share the amount raised. The company is pivoting to focus its spatial computing platform on the enterprise market. A week ago, the Information reported that Magic Leap had raised $350 million as a lifeline, just after the company announced it was cutting

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