Secretive augmented reality (AR) company Magic Leap has sealed almost $800 million USD from high-profile investors including Alibaba, Google and Warner Bros to produce their AR headset. The latest investment values the company at $4.5 billion USD. Alibaba’s executive vice-chairman, Joe Tsai, will also join the company’s board.

Magic Leap’s technology is as fantastical as it is secretive. The company has offered only glimpses of the beta headset, which appears to show highly-sophisticated 3D graphics interacting with offline spaces. A video released last year showed a robot hiding under a desk and a very detailed depiction of the solar system in the same office space.

The latest funding follows a $542 million USD investment in 2014 which valued the company at $1.2 billion USD. Other investors in the recent round include Morgan Stanley, JPMorgan Chase and Qualcomm Ventures.

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Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com