Infinite Reality, an immersive web company, secures $3 billion from a private investor. - Road to VR
Immersive Web Company Infinite Reality Raises $3 Billion From a Private Investor
Infinite Reality, a company dedicated to crafting immersive web content with WebXR support, recently secured a substantial $3 billion investment to further its vision for the future of the internet. This significant funding round, notable for coming from a single private investor, is exceptional in the tech industry.
Founded in 2019, Infinite Reality's primary offering is iR Studio, an engine for creating immersive websites that allow users to interact as avatars within virtual settings. These sites support multi-user experiences and WebXR, making them accessible via any XR headset through a web browser.
With this new funding, Infinite Reality's valuation has soared to $12.25 billion, a figure much higher than the standard 'unicorn' valuation of $1 billion for successful tech startups. The $3 billion investment stands out further as it reportedly comes from a lone private individual, an unusual occurrence compared to the usual participation of investment firms or major corporations in similar deals.
The investor, represented by Ashcroft Law Firm, chose to invest due to Infinite Reality's commitment to empowering users by allowing them data ownership, a crucial aspect in the age of AI expansion. Infinite Reality aims to use this funding to advance the development of a next-generation immersive internet and provide businesses with control over their data.
Despite raising significant funds, Infinite Reality is not yet widely recognized in the XR space but has expanded through strategic acquisitions. For the full story, visit Road to VR.