InfinityAR

Company Overview

Snapshot

Founded in January 2006 by Matan Protter and Motti Kushnir, InfinityAR operates with 1–10 employees. The company raised $25.5 million across 4 funding rounds from 4 investors before being 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 platform enables programmers to rapidly create advanced AR applications, offering a rich AR experience and intuitive user interface. The solution supports ODMs, mobile-device, and wearable manufacturers by providing comprehensive AR development capabilities that are compatible with affordable hardware, impacting bill of materials, competitiveness, and performance. InfinityAR operates within the Business Software sector, focusing on augmented reality, artificial intelligence, and machine learning technologies.

Strategic signal

In March 2019, InfinityAR was acquired by Alibaba, signaling a strategic move by the e-commerce giant to integrate advanced augmented reality capabilities. This acquisition highlights the growing importance of AR technology in broader consumer and enterprise applications, validating InfinityAR's platform and its potential to enhance Alibaba's offerings or strategic initiatives in areas like interactive commerce or smart devices.

Company Intelligence Q&A

When was InfinityAR acquired?

InfinityAR was acquired by Alibaba in March 2019.

What was a key strategic alliance for InfinityAR in 2018?

In September 2018, InfinityAR announced a strategic alliance with Fieldbit to develop software for next-generation augmented reality smart glasses.

Which investors participated in the April 2015 funding round?

In April 2015, InfinityAR received funding from Singulariteam and SUNCORPORATION.

What was a notable partnership for InfinityAR in January 2018?

In January 2018, InfinityAR partnered with China's Nibiru to market VR technologies.