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Infinite Reality raises $350M and acquires Landvault for $450M https://t.co/JL4b2tQCtQ via @GamesBeat #Landvault #InfiniteReality
wow! @TheLandvault was acquired by Infinite Reality for $450m 🎉🎉🎉 It has taken almost 7 years, $40m in funding, about 1,000,000 hours of team work, many twists and turns, and one pivot. We’re now joining forces and Landvault becomes Infinite Reality enterprise arm.… https://t.co/fQXz9VLGcx
Thrilled to share the news that @TheLandvault (part of the @SureValley portfolio) has been acquired by @Infinite_iR for $450m 🙌 This is a huge moment for @SamHuber & the entire @TheLandvault team who have worked tirelessly to get to this point 🚀 https://t.co/9qWnSL4MJi
Infinite Reality has acquired UK-based Roblox game developer Landvault for $450 million in stock. The acquisition aims to boost Infinite Reality's immersive technology capabilities, particularly in the NFT and metaverse sectors. Landvault, which has been in operation for seven years and is part of the SureValley portfolio, will become the enterprise arm of Infinite Reality and will continue to focus on the Middle East region. This acquisition follows Infinite Reality's recent $350 million funding round, which valued the company at $5.1 billion. Sam Huber, CEO of Landvault, highlighted the extensive effort and teamwork that led to this milestone.