Infinite Reality acquires Stakes for $8M in stock to build immersive experiences

Infinite Reality, maker of AI-powered immersive experiences such as social sports platforms, has acquired Stakes for $8 million in stock.

The all-stock transaction values Infinite Reality at $3 billion and Stakes at $8 million. It comes on the heels of another acquisition where Infinite Reality acquired Ethereal Engine in a share swap. That deal in February valued Ethereal Engine at $75 million and Infinite Reality at $2.5 billion. Yes, in the course of six weeks, it looks like Infinite Reality’s valuation went up $500 million.