Infinite Reality Inc. has acquired agentic artificial intelligence firm Touchcast Inc. for $500 million in cash and stock.
This acquisition follows Infinite Reality's previous acquisitions of Napster, Zappar Ltd., and Landvault, bringing its valuation to $15.5 billion.
Infinite Reality is a metaverse company that provides virtual reality and augmented reality technologies to create immersive digital worlds for brands and creators.
The integration of Touchcast's AI capabilities will enhance Infinite Reality's product offerings, enabling lifelike video avatars, personalized experiences, immersive environments, and improved interactivity.