InfinityAR
Augmented Reality Platform
Company Overview
Snapshot
Founded in January 2006 by Matan Protter and Motti Kushnir, InfinityAR operated with 1–10 employees and raised $25.5 million across 4 funding rounds from 4 investors. The company was acquired by Alibaba in March 2019.
Business overview
InfinityAR provides an augmented reality (AR) engine designed for app development on wearables and mobile devices. Its technology enables programmers to create advanced AR applications with intuitive user interfaces. The platform serves ODMs, mobile device, and wearable manufacturers, offering comprehensive AR development capabilities that are compatible with affordable hardware, aiming to enhance competitiveness and performance in the Business Software sector.
Strategic signal
In March 2019, InfinityAR was acquired by Chinese e-commerce giant Alibaba Group Holding Ltd. This acquisition signifies a strategic move by Alibaba to integrate InfinityAR's augmented reality software capabilities, particularly its team, into Alibaba's Israel machine vision laboratory. The event underscores the growing importance of AR technology for major tech players and validates InfinityAR's innovation in the space, indicating a strong exit for the company and its investors.
Log in to access full profile ›Company Intelligence Q&A
- When was InfinityAR acquired and by whom?
- InfinityAR was acquired by Alibaba in March 2019.
- What was the total capital raised by InfinityAR?
- InfinityAR raised a total of $25.5 million across its funding rounds.
- Which companies formed a strategic alliance with InfinityAR in 2018?
- In September 2018, Fieldbit and InfinityAR announced a strategic R&D alliance to develop software for next-generation augmented reality smart glasses. Additionally, in January 2018, InfinityAR announced a marketing collaboration with Nibiru to market their VR technologies to AR glasses manufacturers.
- Who were the founders of InfinityAR?
- InfinityAR was co-founded by Matan Protter and Motti Kushnir.
- Who invested in InfinityAR's funding round in November 2016?
- In November 2016, InfinityAR received investment from Alibaba and SUNCORPORATION.