Infinite Reality Secures $3 Billion in Funding, Reaching $12.25 Billion Valuation

Infinite Reality secures $3 billion funding, valuation hits $12 billion By Investing.com

LONDON - Infinite Reality ("iR"), a company specializing in next-generation technology with a focus on artificial intelligence (AI), has successfully secured an additional $3 billion in equity funding. This recent capital infusion has propelled the company's valuation to approximately $12.25 billion. The funding news coincides with iR's announcement of a five-year agreement with Google (NASDAQ:GOOGL) Cloud and the launch of a new venture, the FIM SGP-Verse, in collaboration with Warner Bros Discovery (NASDAQ:WBD) Sports. These strategic moves are expected to further fortify iR's position in the technology sector. Mindflair plc (AIM: MFAI), an investor in AI and other cutting-edge technologies, has acknowledged the positive development regarding iR's growing valuation. Mindflair has a vested interest in iR's success through its 13% direct stake in Sure Valley Ventures fund ("SVV1"), which holds equity in iR. Additionally, Mindflair possesses an indirect 6.1% interest via its holdings in Sure Ventures plc, which owns 25.9% of SVV1. SVV1 became a shareholder in iR following the acquisition of its portfolio company Landvault in July 2024. The transaction, valued at $450 million in shares, contributed to iR's valuation increase at that time, following a $350 million fundraising effort that brought the company's worth to $5.1 billion. Nicholas Lee, a director at Mindflair, expressed optimism about iR's financial trajectory, indicating a promising outlook for the future realization of their investment. The venture capital fund SVV1 has a diversified investment portfolio, targeting software companies with innovative solutions in AI, machine learning, immersive technology, the metaverse, and cybersecurity. SVV1 is managed by Sure Valley Ventures, which is backed by notable sovereign investors such as the British Business Bank and Enterprise Ireland. This financial milestone for iR, based on a press release statement, reflects the growing investor confidence in the technology sector, particularly in companies that are pioneering advancements in AI and the metaverse.

AI-Focused Infinite Reality Valued at $12.25 Billion After Mega Fundraise

(Reuters) - Artificial intelligence-focused Infinite Reality said on Wednesday it has notched a valuation of $12.25 billion after raising $3 billion in a new funding round, joining a growing roster of startups riding the AI wave. Analysts expect companies in the artificial intelligence market to spearhead tech sector funding in 2025, driven by increased expectations of exponential growth in the next few years as uses for generative AI continue to expand. Founded in 2019, Infinite Reality is leveraging AI and other new-age immersive technologies to offer a suite of software, production and marketing services to brands and creators to increase audience engagement and monetization. The company said it raised the capital from a "private investor whose portfolio focuses on global technology and real estate investments". (Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri)

XR start-up Infinite Reality valued at $12bn following fundraise

The company will use the funds to further develop its immersive platform technology and expand globally. Connecticut-headquartered Infinite Reality yesterday (8 January) announced the closing of a $3bn fundraising round that has valued the company at $12.25bn. It said that the funds will be used to accelerate development of its immersive platform technology, in addition to aiding global expansion. Founded in 2019, Infinite Reality uses immersive technologies such as extended reality (XR) and artificial intelligence (AI) to offer a suite of services to brands and creators, in an effort to increase monetisation and audience engagement. The company explained that the new funding round originates from an undisclosed "private investor whose portfolio focuses on global technology and real estate investments". Past investors in Infinite Reality include T-Mobile Ventures, RSE Ventures and Lux Capital. Infinite Reality said that the latest investment "recognises the tremendous opportunity in this rapidly expanding global market" (which is projected to reach nearly $1trn by 2030 ) and positions the business to enjoy a large share of this growth. Welcoming the latest announcement, John Acunto, co-founder and CEO of Infinite Reality, said: "While we are excited that our ability to secure this level of funding validates our mission to build an immersive experience platform that will power the next generation of the web, we are absolutely ecstatic to share this news with our customers: businesses all over the world." Acunto added that the fundraising allows the company to continue investing in its customers: "Put simply, we enable them to seamlessly convert their existing 2D website into an immersive space and add the power of AI to optimise sales and ultimately their bottom line. "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," he said. Following the valuation, Infinite Realities said that it plans to continue to build on initiatives it started working on in 2024, including the signing of a five-year deal with Google Cloud and the acquisition of Sure Valley Ventures portfolio company Landvault at a cost of $450m. Don't miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic's digest of need-to-know sci-tech news.