Written by Dante Uzel on 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.
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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.”
Tags: Infinite Reality
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