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Spacial computing and AI unicorn announced today that it will acquire agentic AI company in a cash and stock deal valued at $500 million.

The purchase is the latest in a long spree of acquisitions by 6-year-old Infinite Reality. Per 附近上门 data, the company has made to date, including eight since last April.

Many are rather pricey deals too. Prior to Touchcast, Infinite made headlines in March by agreeing to pay $207 million for the online music brand , best known for introducing peer-to-peer file sharing back in 1999. Infinite Reality it plans to 鈥渢ransform Napster beyond streaming into a social and interactive music platform.鈥�

The most expensive deal prior to Touchcast, meanwhile, came last July. Infinite agreed to , a developer of immersive digital environments for brands and companies, in an all-stock deal valued at $450 million.

Infinite Reality鈥檚 valuation has been rising along with its appetite for M&A. Last July, the company pegged its valuation at $5.1 billion. Today, with the Touchcast announcement, Infinite says it has a value of $15.5 billion.

The company, which was initially based in Norwalk, Connecticut, and to a new headquarters in south Florida, has also been a prodigious fundraiser. In January, it closed on $3 billion in a venture round by an unnamed private investor.

Infinite has said its funding approach involves building ties with individual investors and family offices rather than seeking conventional venture funding. However, it did raise a $300 million round last year that included venture firms such as and alongside strategic backers.

With its newest acquisition, Infinite says it sees great potential in Touchcast鈥檚 Mentorverse technology, used to create specialized AI mentors who engage in face-to-face video conversations. It鈥檚 paying handsomely too, with the acquisition ranking as Infinite Reality鈥檚 largest purchase yet.

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