Infinite Reality Closes $350 Million Investment; Acquires Landvault in $450 Million Deal, Valuation Soars to $5.1 Billion

BOSTON, July 09, 2024 (GLOBE NEWSWIRE) -- Newbury Street Acquisition Corporation (NASDAQ:NBST) ("Newbury" or "NBST"), announced today that Infinite Reality ("iR or the "Company"), an innovation company powering the next generation of digital media and ecommerce through AI and immersive technologies, today announced a $350 million minority investment from a private multi-family office focused on global technology, media, and real estate, elevating the Company's valuation to $5.1 billion. This investment, ent ...