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Infinite Reality revealed today that it has raised $3 billion from a private investor, which it plans to dedicate to expanding its immersive technology and multiple existing initiatives. According to the company, its valuation is also estimated at $12.25 billion. The investor, who remains anonymous, is said to focus on global investments in technology and real estate.
The company says it plans to use the investment to continue on its current path, which has seen it make significant collaborations and acquisitions, such as its deal with Google Cloud and its purchase of Landvault (which is now iR Enterprise ). It also plans to continue developing the features of its iR Studio, a no-code solution for creating immersive reality products; and continues his work in the city of Fort Lauderdale, Florida.
John Acunto, CEO of Infinite Reality, said in a statement: “This fundraising allows us to continue to invest in our customers as they strive to actively participate in today’s technological advancements…. In our world, brands and creators are not mere participants but true architects of their digital destiny, with complete control over their customer relationships and data. This strategy requires investment in exceptional talent, cutting-edge technology and, above all, an unwavering commitment to our customers.
Amish Shah, CBO of Infinite Reality, added: “This transaction is in the form of pure equity, and no debt or restrictive covenants have been incurred. The investor looked at many opportunities but ultimately made a bet on our vision, mission, strategy and team. This not only represents a vote of confidence, but gives us the firepower to grow at breakneck speed through continued innovation, accretive acquisitions and global commercialization activity. The unique nature of this partnership gives us complete freedom to execute our vision exactly as planned.
