Infinite Reality raises $3B to expand its deep technology portfolio

Infinite Reality revealed today that it has raised $3 billion from a private equity firm, which it plans to leverage on its deep expertise and legacy. According to the company, it also puts their value at $12.25 billion. The seller, which has not been named, said it is focused on the global technology and real estate sector.

The company said it plans to use the money to continue on its current path, which has seen it make big deals and acquisitions, such as its deal with Google Cloud and its purchase of Landvault (now iR Enterprise). It also plans to continue development of its iR Studio, a code-free solution for creating virtual reality products; and continue his work in the city of Fort Lauderdale, Florida.

John Acunto, CEO of Infinite Reality, said in a statement, “This investment allows us to continue to invest in our customers as they strive to participate in today’s technological advancements… In our world, brands and manufacturers do not just take they are the real builders of their digital future, who have the power to manage their relationship with the customer and data. This approach requires investing in special skills, advanced technology, and above all, an unwavering commitment to our customers.”

Amish Shah, Infinite Reality CBO, added, “This sale is in equity, and no debt or restrictive covenants have been made. The seller reviewed many opportunities but bet on our vision, mission, strategy and team. This does not represent a vote of confidence but it gives us the ability to grow rapidly through continuous technology, strategic acquisitions, and global marketing efforts.