Boca Raton, Florida — April 16, 2025 — Infinite Actuality (iR), an organization targeted on digital media and ecommerce by way of prolonged actuality (XR ), synthetic intelligence (AI), and different immersive applied sciences, introduced immediately the corporate has entered right into a definitive settlement to amass Touchcast, an agentic AI firm for $500 million in a mixture of money and inventory.
The acquisition is Infinite Actuality’s largest but, and the transaction settlement values the corporate at $15.5 billion.
Touchcast’s highly effective agentic AI platform, generally known as Mentorverse, generates an infinite universe of specialised AI mentors who have interaction in pure, face-to-face video conversations and, in contrast to conventional chatbots or static net experiences, mix constant personalities with deep area experience to ship genuinely useful steering by way of pure, multimodal interactions.
The mixing of Touchcast’s know-how throughout Infinite Actuality’s portfolio of services will allow iR clients to faucet AI brokers for quite a lot of duties that drive consumer engagement, buyer help, and gross sales. For instance, inside Napster (lately acquired by iR), Touchcast tech will allow subscribers to simply generate immersive social listening areas and leverage educated AI brokers for music playlisting, group administration, and music trivia, amongst different partaking options.
For iR Enterprise andiR Studio clients, the Touchcast toolkit empowers Fortune 500 manufacturers, SMEs, and creators with educated, educated, and on-brand AI brokers designed to energy international and scalable gross sales and customer support capabilities.
Touchcast, constructed on OpenAI and delivered on Microsoft Azure by way of a $50 million strategic partnership, offers a set of groundbreaking AI supply techniques that dramatically enhance response instances for AI interplay. For companies, this implies the power to ship seamless, human-like experiences whereas boosting effectivity and decreasing prices—an important edge in immediately’s aggressive digital panorama. Touchcast’s platform is popping what as soon as required whole groups and years of labor into one-click options with a number of merchandise starting from AI mentors to reworking web sites into interactive AI experiences, and extra. Touchcast’s enterprise-grade know-how is SOC2 compliant with international scalability. The corporate holds 27 patents associated to AI and interactive video know-how, together with techniques for coordinated shows, video conferencing enhancements, and clever digital assistant techniques.
Touchcast’s AI mentors work together like people, not chatbots, work collectively as a crew of specialised brokers to construct on one another’s experience and clear up complicated challenges, and ship instant ROI by elevating the net expertise. Led by seasoned entrepreneurs and trusted by high international enterprises throughout automotive, dwelling enchancment, administration consulting, and training classes, Touchcast is remodeling how companies undertake AI by making these superior capabilities accessible to anybody, no matter technical experience.
”Agentic AI is an enormous a part of how shoppers and companies will work together with the net sooner or later,” stated John Acunto, CEO and Founding father of Infinite Reality. “The Touchcast know-how has instant functions throughout our whole enterprise portfolio and can little doubt present our clients with prompt advantages – whether or not these clients are Napster subscribers and artists, international Fortune 500 manufacturers, or small companies. What Edo Segal and his crew have developed at Touchcast will little doubt speed up Infinite Actuality’s mission to guide a transition to a extra immersive, customized and conversational net.”
Edo Segal, CEO and Founding father of Touchcast, is a serial entrepreneur and AI pioneer who has spent over 20 years constructing firms on the intersection of synthetic intelligence and human communication. Segal is main breakthrough improvements in how individuals entry and share experience by way of AI, essentially reimagining human-AI collaboration.
Previous to Touchcast, he based and efficiently offered a number of firms together with Relegence (acquired by AOL), Brainboost (acquired by Solutions.com), and Screencaster (acquired by Livestream), constantly positioning himself on the forefront of technological transformation.
“Becoming a member of forces with Infinite Actuality represents the best subsequent chapter for Touchcast,” stated Edo Segal, CEO and Founding father of Touchcast. “From day one, our mission has been to humanize AI— shifting past chatbots to create clever, emotionally resonant experiences that really feel intuitive and alive. iR not solely shares that perception and has the platform to carry our know-how to scale throughout industries and audiences, however collectively we are able to empower a brand new technology of creators and companies to ship experience, storytelling, and repair in ways in which had been unimaginable till now.”
“The acquisition of Touchcast marks our largest transaction to this point, and represents an ideal continuation of our strategic development trajectory, constructing on the momentum from the long-lasting Napster acquisition and up to date $3 billion funding spherical,” stated Amish Shah, Co-Founder and Chief Enterprise Officer, Infinite Actuality. “The addition of Touchcast’s agentic AI know-how serves as a robust constructing block for our platform as we glance to supply our clients with the instruments they want to reach the fashionable AI-powered period.”
