Google was an investor in Magic Heap(Leap). One of the early developers for Google was an angel investor in it and those connections lead to the Google investme

Google was an investor in Magic Heap(Leap). One of the early developers for Google was an angel investor in it and those connections lead to the Google investment, among others. Magic Leap just has a down round where they raised 500 million at a 2 billion valuation, roughly the same valuation they had when they raised ~500 million a few years ago. So they are also competing with themselves on a project that has mostly generated losses. (edited for clarity)