Infinite Reality, a Florida-based XR company, has secured a staggering $3 billion in its latest funding round. The investment comes from an undisclosed private investor specializing in global technology and real estate. This significant funding will support Infinite Reality’s expansion plans for 2024, including acquisitions, partnerships, and product launches.
Infinite Reality’s platform allows users to create 3D websites within the metaverse, designed for eCommerce and other purposes. The company’s no-code immersive SaaS product is a key focus, enabling companies, creators, and developers to easily build and deploy 3D websites. In other AI news, San Francisco-based Anthropic is in talks to raise additional funding, potentially pushing its valuation to $60 billion.
The startup, founded by former engineers, is known for its “constitutional AI” approach, which aims to align AI systems with human values. The healthcare sector also saw significant investment, with California-based Qventus raising $105 million. The startup offers care automation software to reduce administrative burdens on health systems and streamline processes.
Infinite Reality secures major funding
KKR led the funding round, with participation from existing investors. In cybersecurity, Tel Aviv-based Astrix raised $45 million to provide services aimed at verifying both human and non-human identities.
As non-human identities become more prevalent in automating tasks, the need for secure access to data, accounts, and programs has grown. Boston-based Labviva secured $25 million in a Series B round for its AI procurement platform for the life sciences industry. The platform improves purchasing and inventory management across multi-location research organizations.
Andreessen Horowitz and pharmaceutical giant Eli Lilly announced the formation of a $500 million venture fund called the Biotech Ecosystem Venture Fund. The fund will invest in therapeutic platforms and companies focused on developing new medicines and treatments for diseases. These investments highlight the growing interest in AI, healthcare, cybersecurity, and biotechnology.
As these sectors continue to evolve, we can expect to see more innovative startups and groundbreaking advancements in the near future.
Infinite Reality’s Funding Empowers Innovators
Infinite Reality’s $3 billion funding is a game-changer for everyday people. Their no-code platform lets users build 3D websites easily, giving small businesses and creators a chance to shine in the metaverse. This investment shows how tech is becoming more user-friendly, allowing more people to innovate without needing advanced skills.
As other fields like AI and healthcare grow, Infinite Reality’s success highlights a shift toward tools that empower everyone. Now, more individuals can bring their ideas to life and shape the future of digital spaces.
