(Sept 14): Magic Leap, a Florida-based startup that’s raised more than US$1.3 billion ($1.8 billion) to build a wearable computing device, is trying to raise even more cash as it readies a long-awaited debut product.

Temasek Holdings, an investment company owned by Singapore, is considering taking part in a new financing round of more than US$500 million, valuing Magic Leap close to US$6 billion, according to people familiar with the situation.

Magic Leap has already attracted high-profile investments from companies including Alibaba Group Holding, Qualcomm Inc. and Alphabet Inc.’s Google, which invested directly in the firm and put Chief Executive Officer Sundar Pichai on the board. Magic Leap’s last financing round, led by Alibaba, valued the company at US$4.5 billion.

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