Infinite Reality raises $350M and acquires Landvault for $450M

by | Jul 9, 2024 | Technology

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Infinite Reality, the company working on metaverse-like technologies, has raised $350 million and acquired Roblox game developer Landvault for $450 million.

The deal shows how much financial velocity Infinite Reality has gathered, as its valuation has now advanced to $5.1 billion as the company focuses on immersive platform and enterprise service technologies.

So far this year, New York-based Infinite Reality has spent more than $800 million in stock on previous acquisitions including the purchase of The Drone Racing League ($250 million), Ethereal Engine ($75 million), Action Face ($10 million) and Stakes ($8 million).  

Infinite Reality said it raised its $350 million minority investment from a private multi-family office focused on global technology, media, and real estate, elevating the company’s valuation to $5.1 billion. Infinite Reality has about 140 employees, while Landvault has just 36.

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One of LandVault’s metaverse experiences for hospitality.

This investment, entirely in equity and not debt, is new and separate from Infinite Reality’s goal to complete the previously announced SPAC transaction. The $350 million will be deployed immediately to accelerate growth as the company sees a massive opportunity in this area.

Additionally, Infinite Reality announced the $450 million acquisition of Landvault, a tech company specializing in immersive technology and digital twins for Fortune 500 companies and government organizations. Landvault does not build in platforms. It builds whitelabel experiences for the web (3D websites) that can be integrated with any client website, which is aligned with Infinite Reality’s vision as well. Landvault does not believe the “metaverse” is a destination, but more an evolution of the internet into a more dynamic, engaging medium.

This all-stock transaction solidifies Infinite Reality’s foundation to lead the revolution in immersive digital environments. The proceeds from the significant investment and the integration of Landvault’s cutting-edge tools and expertise in crafting high-fidelity virtual worlds support Infinite Reality’s aim to be the leader in delivering innovative spatial computing and AI-powered capabilities that empower brands to better engage and monetize their audiences.

Sam Huber is CEO of LandVault.

As immersive experiences and artificial intelligence continue to reshape industries, Landvault stands at the forefront of driving technological advancements. The company’s suite of tools and infrastructure enable the creation, local domain hosting, measurement, and monetization of immersive experiences, accelerating the growth and scalability of the 3-D internet while putting more data in the hands of businesses.

An established industry trailblazer, the company has built over 1.2 million square feet in virtual experiences for countless high-profile brands including Mastercard, Standard Chartered, Hershey, and more.

Landvault’s portfolio includes award-winning projects such as their work with Dentsu on the Cannes Lion-wi …

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GamesBeat is excited to partner with Lil Snack to have customized games just for our audience! We know as gamers ourselves, this is an exciting way to engage through play with the GamesBeat content you have already come to love. Start playing games here. 

Infinite Reality, the company working on metaverse-like technologies, has raised $350 million and acquired Roblox game developer Landvault for $450 million.

The deal shows how much financial velocity Infinite Reality has gathered, as its valuation has now advanced to $5.1 billion as the company focuses on immersive platform and enterprise service technologies.

So far this year, New York-based Infinite Reality has spent more than $800 million in stock on previous acquisitions including the purchase of The Drone Racing League ($250 million), Ethereal Engine ($75 million), Action Face ($10 million) and Stakes ($8 million).  

Infinite Reality said it raised its $350 million minority investment from a private multi-family office focused on global technology, media, and real estate, elevating the company’s valuation to $5.1 billion. Infinite Reality has about 140 employees, while Landvault has just 36.

Lil Snack & GamesBeat

GamesBeat is excited to partner with Lil Snack to have customized games just for our audience! We know as gamers ourselves, this is an exciting way to engage through play with the GamesBeat content you have already come to love. Start playing games now!

One of LandVault’s metaverse experiences for hospitality.

This investment, entirely in equity and not debt, is new and separate from Infinite Reality’s goal to complete the previously announced SPAC transaction. The $350 million will be deployed immediately to accelerate growth as the company sees a massive opportunity in this area.

Additionally, Infinite Reality announced the $450 million acquisition of Landvault, a tech company specializing in immersive technology and digital twins for Fortune 500 companies and government organizations. Landvault does not build in platforms. It builds whitelabel experiences for the web (3D websites) that can be integrated with any client website, which is aligned with Infinite Reality’s vision as well. Landvault does not believe the “metaverse” is a destination, but more an evolution of the internet into a more dynamic, engaging medium.

This all-stock transaction solidifies Infinite Reality’s foundation to lead the revolution in immersive digital environments. The proceeds from the significant investment and the integration of Landvault’s cutting-edge tools and expertise in crafting high-fidelity virtual worlds support Infinite Reality’s aim to be the leader in delivering innovative spatial computing and AI-powered capabilities that empower brands to better engage and monetize their audiences.

Sam Huber is CEO of LandVault.

As immersive experiences and artificial intelligence continue to reshape industries, Landvault stands at the forefront of driving technological advancements. The company’s suite of tools and infrastructure enable the creation, local domain hosting, measurement, and monetization of immersive experiences, accelerating the growth and scalability of the 3-D internet while putting more data in the hands of businesses.

An established industry trailblazer, the company has built over 1.2 million square feet in virtual experiences for countless high-profile brands including Mastercard, Standard Chartered, Hershey, and more.

Landvault’s portfolio includes award-winning projects such as their work with Dentsu on the Cannes Lion-wi …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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