Sign up for our daily and weekly newsletters for the latest updates and exclusive content on the industry’s best AI coverage. Learn more
Infinite Reality announced today that it has raised $3 billion in funding from private investors, which it plans to put towards expanding its immersive technology and various existing initiatives. According to the company, the corporate value is estimated at $12.25 billion. The unnamed investor is said to be focused on global technology and real estate investments.
The company reported that it plans to use the investment to continue on its current path, which has led to significant collaborations and acquisitions, including a deal with Google Cloud and the acquisition of Landvault (now iR Enterprise). We also plan to continue developing the capabilities of iR Studio, our no-code solution for creating immersive reality products. He continues to serve the city of Fort Lauderdale, Florida.
Infinite Reality CEO John Acunto said in a statement: “This fundraising allows us to continue investing in our customers as they strive to actively participate in today’s technological advancements. In this world, brands and creators are not mere participants but the true architects of their digital destiny, with complete control over their customer relationships and data. “This strategy requires investments in exceptional talent, groundbreaking technology and, most importantly, an unwavering commitment to our customers.”
Amish Shah, CBO, Infinite Reality, added: “This transaction was purely equity and no debt or restrictive covenants were entered into. The investor reviewed many opportunities, but ultimately bet on our vision, mission, strategy and team. This is not just a vote of confidence, it gives us the firepower to grow at a rapid pace through continued innovation, increasing acquisitions, and global go-to-market activity. The unique nature of this partnership gives us complete freedom to execute our vision exactly as we intended.”
