Pankaj65. Magic Leap
Headquarters: Plantation, FL
Bought By: Alibaba
Headquarters: Hangzhou, China
It’s often difficult for tech companies to stand out in a landscape that’s saturated with products, but Magic Leap defied the odds with their head-mounted virtual reality display. The company caught the attention of the Alibaba Group in 2017 when they were searching for funding.
It’s not clear just how much money Alibaba poured into the company, but Magic Leap managed to raise $502 million in that round alone. Other named investors included Google. Alibaba’s Joe Tsai took a seat on the board of Magic Leap as a result of their investment.