Alibaba Group invests $6m in Israeli AR startup Lumus

Alibaba Group invests $6m in Israeli AR startup Lumus

Augmented reality in medicine using a tablet. PIxabay

Israeli augmented reality (AR) lens maker Lumus has closed a $6 million venture investment from Chinese e-commerce major Alibaba Group.

Initially reported by the Israeli daily Calcalist, this latest investment follows a $30 million Series C in December 2016 from HTC and Quanta Computer. It raised $15 million in a Series B round in June 2016. This brings its aggregate equity financing raised to date to $57 million, according to date compiled by Crunchbase.

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