Infinite Reality raises $3B to increase its immersive tech portfolio
Summary
Infinite Reality has raised $3 billion in equity funding from a private investor. The company says it will use the capital to expand its immersive technology portfolio and support existing initiatives. It also plans to accelerate product development for iR Studio, its no-code immersive reality tool, and keep pursuing partnerships and acquisitions. The new investment values the company at $12.25 billion and gives it room to grow through innovation and global expansion.
Funding
Amount
$3.0B
Total raised
Date
January 8, 2025
Announcement date
Investors
Launchpad Accelerator
Lead investors
Company
https://www.napster.com
Funded company
Classifications
industries
Entertainment
applications
Business Intelligence
AskAI Classifications
Labels
Music Streaming Platform
SaaS
Digital Media Software
Linked Companies
Napster Music Inc.
$10M to $25M