Infinite Reality Acquires Drone Racing League for $250M

Infinite Reality Acquires Napster for $207 Million

March 25, 2025

Media & Entertainment

Infinite Reality (iR), an immersive-technology and digital media company, has entered into a definitive agreement to acquire Napster, the long-running music streaming service, for $207 million. iR plans to transform Napster into a social, immersive music platform that leverages XR, AI and iR's audience network to deepen artist–fan engagement and expand monetization opportunities.

Infinite Reality Acquires UK-based Landvault for $450M; Raises $350M Minority Investment

July 16, 2024

Media & Entertainment

Infinite Reality announced a $350 million minority equity investment from an undisclosed private multi-family office that values the company at $5.1 billion. Separately, iR agreed an all-stock acquisition of UK immersive-technology firm Landvault for $450 million to add digital-twin, spatial-computing and monetization capabilities and expand its Middle East and European footprint.

Capital IQ Acquires Karman Drones Pvt. Ltd

October 3, 2024

Aerospace & Defense

New Delhi-based investment consultancy Capital IQ has acquired Indian drone manufacturer Karman Drones Pvt. Ltd for an undisclosed sum, valuing the company at about Rs 75 crore (roughly $9 million). Capital IQ said the acquisition will accelerate Karman's growth, support expansion and help position the business for a potential IPO in the coming years.

Dynepic Acquires SurrealVR to Add Multi-Player 3D Training to DX Platform

July 20, 2022

Cloud & SaaS

Dynepic has acquired SurrealVR, a small virtual-reality platform pioneer, and is integrating SurrealVR's multi-player VR/AR capabilities into its DX training platform (including the USAF white-labeled MOTAR). The deal expands Dynepic's immersive training feature set — avatars, identity management, real-time voice, physics and locomotion — enabling rapid creation of collaborative 3D training experiences.

XTI Aerospace Acquires Drone Nerds; Unusual Machines Invests $25M in XTI

November 10, 2025

Aerospace & Defense

XTI Aerospace acquired Drone Nerds, a major U.S. drone distributor and service provider, in a transaction announced in November 2025 that included approximately $40 million in purchase consideration. Concurrently, Unusual Machines made a $25 million strategic investment in XTI via convertible preferred stock to support XTI's expansion of vertical flight and unmanned aircraft systems (UAS) capabilities.

GR0 Acquires DLVRD to Add Amazon & Retail Media Capabilities

August 13, 2024

Marketing & Advertising

Los Angeles-based digital marketing agency GR0 has acquired Amazon & marketplace agency DLVRD to expand its omnichannel and retail media capabilities. DLVRD's founders joined GR0, enabling the combined firm to offer full-funnel Amazon and marketplace services alongside GR0's SEO, paid media, creative, and content offerings.