Industry News Update – Week of 8/13/2018:

Last week, Magic Leap released its Magic Leap One product to the public for $2,295.

Slack's valuation was expected to increase to $7 billion after the company planned to raise more than $400 million.

Eventbrite purchased Picatic, a Canadian-based ticketing and event platform, to add talent to its technical department and expand its presence within Canada.  

Ola launched its ride hailing service in the UK.

ByteDance was in talks to raise $2.5 billion to $3 billion. Following this round, the company's valuation could increase to $75 billion.

The news articles and links presented below are available for your reference.


"Fast-growing Chinese Media Startup ByteDance is Raising $2.5B-$3B More"


"Eventbrite Acquires Picatic"


"Magic Leap's Futuristic

Goggles are Finally Launching — Here's How Much They Cost and How to Buy Them"


"India’s Uber rival Ola is Headed to Europe with Ride-hailing Launch in the UK"


"Slack is Raising $400M+ With a Post-money Valuation of $7B or more"