Touchcast Acquired by Infinite Reality for $500M in Landmark Deal

Infinite Reality (iR), a cutting-edge innovation firm, has finalized a monumental agreement to acquire Touchcast, an agentic AI leader, for $500 million. This acquisition represents Infinite Reality's largest transaction to-date and sets the firm's valuation at $15.5 billion. Touchcast, renowned for its Mentorverse platform, offers advanced AI-driven solutions that revolutionize digital interactions through conversational video engagements. This strategic acquisition will integrate Touchcast's technology across Infinite Reality's existing platforms, including Napster, to enhance customer engagement and provide scalable AI solutions for global enterprises. Touchcast's AI systems, developed on OpenAI and launched via Microsoft Azure, have been pivotal in transforming AI efficiencies, contributing to interactive spaces where AI mentors function as knowledgeable entities rather than simple chatbots. Edo Segal, CEO of Touchcast, has consistently positioned AI at the forefront of enhancing human communication. This acquisition follows Infinite Reality's recent strategic growth actions, including the iconic purchase of Napster and a substantial funding round, positioning the company as a leader in immersive and AI technology solutions.