The deal would give the startup a $4.5 billion valuation, the report said.

This would be approximately twice as high a valuation as $542 million Series B that closed in late 2014 and included Google Inc., Qualcomm Ventures, KKR, Vulcan Capital, Kleiner Perkins Caufield & Byers, Andreessen Horowitz, Obvious Ventures, and other investors.

At that time it was announced that Sundar Pichai, SVP at Google Inc. and Paul Jacobs, at the time executive chairman of Qualcomm, would join the Magic Leap board of directors.

Next: Already all round the world



