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Headline : Infinite Reality buys Drone Racing League for $250M

Read more from the original article on here at venturebeat.com.





Tags : #infinite #reality #buys #drone #racing #league #250m


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Infinite Reality, a creator of virtual, AI-powered immersive experiences, signed a definitive agreement to acquire the Drone Racing League for $250 million.

The acquisition bolsters Infinite Reality‘s capabilities and IP, and boosts its valuation to $3.5 billion, up from $3 billion earlier this month.

Recognized for accelerating professional drone racing into the mainstream through high-tech robotics, AI, visually spectacular content and hybrid competition, DRL marks Infinite Reality’s latest acquisition as the company expands its extensive portfolio, which includes spatial web design pioneer, Ethereal Engine, fully integrated entertainment production company, iR Studios, esports franchises Team Rogue (League of Legends) and London Royal Ravens (Call of Duty), as well as digital media, content and creator services.

Read more from the original article on here at venturebeat.com.


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