Infinity Augmented Reality raises $2.5m

The company will develop software for wearable and augmented reality devices.

Infinity Augmented Reality Inc. (Bulletin Board: ALSO) has raised $2.5 million from Credit Strategies LLC and Genesis Angels Fund LP. The company will use the proceeds to develop its software for future wearable and augmented reality devices, such as glass, smartphones and tablets

InfinityAR also announced the appointment of Motti Kushnir as CEO. “Augmented reality has the potential to fundamentally change the way we consume digital content and information - from passively viewing content to actively experiencing a moment," he said.

Published by Globes [online], Israel business news - - on April 1, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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