Suppose a new technology company called 'Innovate Tech' was founded last year in Silicon Valley. The company specializes in developing cutting-edge software for virtual reality applications. 'Innovate Tech' has a team of talented engineers and designers who are passionate about pushing the boundaries of technology. Their flagship product, a virtual reality gaming platform, has received rave reviews from early users.
Can we infer that 'Innovate Tech' focuses solely on hardware development?