Infinite Reality is going public.

Infinite Reality raises $3B to increase its immersive tech portfolio

Infinite Reality revealed today that it has raised $3 billion in funding from a private investor, which it plans to put towards the expansion of its immersive technology and its multiple existing initiatives. According to the company, it also puts their valuation at $12.25 billion. The investor, which remains unnamed, reportedly focuses on global tech and real estate investments.

The company reports that they plan 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 feature development of its iR Studio, a no-code solution for creating immersive reality products; and continue its work in the city of Fort Lauderdale, Florida.

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Rachel Kaser

Rachel Kaser is a gaming and technology writer for from Dallas, Texas. She's been in the games industry since 2013, writing for various publications, and currently covers news for GamesBeat. Her favorite game is Bayonetta.