The companies of Artificial intelligence contributed significantly to the recovery of venture capital funding in the United States from market lows, with total capital raised increasing by almost 30% in 2024, according to data from Pitchbook.
Investor enthusiasm for the AI sector is unprecedented since OpenAIby Sam Altman, released ChatGPT in November 2022.
Analysts expect that Companies in the artificial intelligence market will lead the financing of the technology sector in 2025driven by rising expectations for exponential growth in the coming years as the uses of generative AI continue to expand.
Infinite Reality: receives US$3 billion and is valued at US$12.5 billion
The signature Infinite Realityfocused on artificial intelligence, said Wednesday that it reached a valuation of $12.25 billion after raising $3 billion in a new financing round, thus joining a growing list of startups riding the AI wave.
Founded in 2019, Infinite Reality is leveraging AI and other new-age immersive technologies to offer a suite of services to brands and creators who can increase audience engagement and monetization.
“Simply put, we enable them (customers) to seamlessly convert their existing 2D website into an immersive space and add the power of AI to optimize sales,” said John Acunto, co-founder and CEO of Infinite Reality.
The company said it raised capital from a “private investor whose portfolio focuses on global technology and real estate investments.
Infinite’s institutional investors include entertainment and ticketing giant Live Nation, T-Mobile Ventures, RSE Ventures and Lux Capitalamong others.
He also received endorsements from pop culture celebrities, such as DJ and record producer Steve Aoki, the pop band Imagine Dragons and the NBA player Rudy Gobert.
Anthropicanother AI startup, is close to closing a deal to raise $2 billion more that would value it at $60 billion, Reuters reported earlier this week, citing sources.
Last month, Databricks It also secured a valuation of $62 billion after raising $10 billion in one of the largest venture capital funding rounds in history.
Source: Ambito
