The augmented reality technology producer is being taken private thanks to an $18m investment from Alibaba and Sun Corporation.
Israel-based augmented reality technology developer Infinity Augmented Reality (AR) is in the process of raising an $18m funding round led by e-commerce company Alibaba, taking the company private, according to Globes.
Alibaba is providing $15m, while entertainment and IT company Sun Corporation is supplying the remaining $3m. The deal values Infinity AR at $60m and makes Alibaba the largest single shareholder with a reported 25% stake.
Infinity AR is working on a software development kit for headsets that place virtual…
