2 days after raising $502 million, Magic Leap called the cops to say an employee had stolen $1 million

Asa Mathat for Vox MediaMagic Leap CEO Rony Abovitz

Magic Leap, the secretive Florida startup developing futuristic augmented reality glasses, raised a whopping $US502 million in October.

Two days later, it called the cops and told them an employee had stolen over $US1 million over a period of 23 months.

The story of the alleged theft, which has never been reported until now and apparently involved an HR manager and a recruiting company, is one of several strange problems that have bedeviled the young company, whose innovative technology is a subject of both fascination and scepticism among industry insiders.

In this exclusive BI Prime report, Business Insider’s Kif Leswing and Steven Tweedie uncover the latest sign of turmoil inside the $US6 billion startup whose backers include Google and Alibaba.

Click here to read Business Insider PRIME’s report about how an employee allegedly stole $US1 million from Magic Leap.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.