Infinite Reality Secures $3B

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Infinite reality 1.jpg
Infinite Reality Secures $3B

Investments

09 January 2025 12:00

Infinite Reality announced today that it has secured $3 billion in funding from a private investor, bringing its valuation to $12.25 billion. The identity of the investor, which specializes in global tech and real estate ventures, has not been disclosed. The company plans to use the new capital to expand its immersive technology and advance its various ongoing initiatives.

As part of its strategy, Infinite Reality intends to continue its existing collaborations and acquisitions, including its partnership with Google Cloud and the acquisition of Landvault, which has since been rebranded as iR Enterprise. The company also aims to further develop iR Studio, a no-code platform for creating immersive reality products, while maintaining its efforts in Fort Lauderdale, Florida.

More:Tencent Targeted by U.S. Department of Defense

John Acunto, CEO of Infinite Reality, emphasized the significance of this funding, stating, “This fundraise allows us to continue investing in our customers as they strive to be active participants in today’s technological advancements… In our world, brands and creators aren’t just participants but true architects of their digital destiny, with complete control over their customer relationships and data. This strategy requires investment in exceptional talent, breakthrough technology, and most importantly, an unwavering commitment to our customers.”

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Infinite reality 1.jpg
Infinite Reality Secures $3B

Investments

09 January 2025 12:00

Tags: Infinite Reality

Infinite Reality announced today that it has secured $3 billion in funding from a private investor, bringing its valuation to $12.25 billion. The identity of the investor, which specializes in global tech and real estate ventures, has not been disclosed. The company plans to use the new capital to expand its immersive technology and advance its various ongoing initiatives.

As part of its strategy, Infinite Reality intends to continue its existing collaborations and acquisitions, including its partnership with Google Cloud and the acquisition of Landvault, which has since been rebranded as iR Enterprise. The company also aims to further develop iR Studio, a no-code platform for creating immersive reality products, while maintaining its efforts in Fort Lauderdale, Florida.

More:Tencent Targeted by U.S. Department of Defense

John Acunto, CEO of Infinite Reality, emphasized the significance of this funding, stating, “This fundraise allows us to continue investing in our customers as they strive to be active participants in today’s technological advancements… In our world, brands and creators aren’t just participants but true architects of their digital destiny, with complete control over their customer relationships and data. This strategy requires investment in exceptional talent, breakthrough technology, and most importantly, an unwavering commitment to our customers.”

Share:Twitter.pngFacebook.pngInstagram.pngLinkedin.png
Sources:
Venture Beat.png
Report mistake   Report-mistake-icon.png
Submit news   Submit-news-icon.png

Related News Icon Related news

View All
News Image
Infinite Reality Partners with Global Esports Federation

Infinite Reality (has announced a strategic partnership with the Global Esports Federation . The company joins Tencent, Amazon, and...

Business

Jul 27, 2024

News Image
Infinite Reality Secures $350m Investment

Infinite Reality, has announced a significant expansion with a $350 million equity investment from a private multi-family office. This...

Investments

Jul 09, 2024

News Image
Infinite Reality Acquires the Drone Racing League

Infinite Reality announced the acquistion of Drone Racing League. The company will pay $250m for the acquisition. The acquisition...

Business

Apr 24, 2024

News Image
Infinite Reality Acquires Ethereal Engine

Infinite Reality announced the acquisition of Ethereal Engine for $75m. The companies agreed in a share swap for the...

Mergers and Acquisitions

Feb 12, 2024

News Image
Anna Baumann to Leave Infinite Reality

Anna Baumann, the Executive Vice President of Esports at Infinite Reality announced her decision to step down from her...

Business

Nov 07, 2023

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