Magic Leap looks set to close on a $1 billion Series D round

Magic Leap has already raised $1.4 billion in previous funding rounds from some of Silicon Valley’s most prestigious investors, including Google and Kleiner Perkins, previously valuing the company at $4.5 billion.

Bloomberg reported last month that the Florida based-startup was in talks with Singapore’s Temasek Holdings for additional financing.

Magic Leap is building a pair of smart glasses that will use advanced computers and cameras to integrate graphics into the real world. It has not yet launched nor publicly revealed a product, but Magic Leap is expected to announce a software development kit in December.