Infinite Truth announced today that it has raised $3 billion in funding from a private investor, which it plans to put towards expanding its immersive technology and its other initiatives. According to the company, it also puts their valuation at $12.25 billion. The investor, who remains unnamed, is reportedly focused on global tech and real estate investments.

The company reported that it plans to use the investment to continue on its current path, which has seen it make important collaborations and acquisitions, such as its deal with Google Cloud and its purchase of Landvault (which is now iR Enterprise). It also plans to continue development of its iR Studio segment, a code-free solution for creating immersive reality products; and continue its work in the city of Fort Lauderdale, Florida.

John Acunto, Infinite Reality CEO, said in a statement, “This fundraising allows us to continue investing in our customers as they strive to be active participants in today’s technological advancements… .In our world, brands and creators are not just participants but real architects of their digital destiny, with full control of their customer relationships and data.This strategy requires an extraordinary investment talent, technological advancements, and most importantly, an unwavering commitment to our customers.

Amish Shah, Infinite Reality CBO, added, “This transaction is in the form of pure equity, and no debt or restrictive covenants have been created. The investor explored many opportunities but ultimately bet on our vision, mission, strategy and team. This represents not only a vote of confidence but gives us the strength to grow at warp speed through continuous innovation, accretive acquisition, and global activity in go to market. The unique nature of this partnership gives us full freedom to execute our vision as desired.