Echo3D raises $5.5M for cloud authoring tools for 3D, AR, and VR content
Interested in learning what's next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Learn more.
Echo3D has raised $5.5 million for cloud storage and streaming of 3D, augmented reality, and virtual reality content for a wide range of applications. Qualcomm Ventures led the round.
The New York company hopes to change the way 3D, AR, and VR content is stored and streamed. The aim is to reduce the file sizes and development times for 3D objects used on websites and apps.
Echo3D focuses on building tools and infrastructure to help developers create lighter and faster 3D games and apps, said Alon Grinshpoon, CEO of Echo3D, in an interview with GamesBeat. That’s a big benefit for the user experience, since no one wants to wait for heavy 3D assets to load after clicking or tapping on something.
“We’ve been heads down business. The last time we spoke, we had around 200 people registered for our platform every week,” Grinshpoon said. “And now we have 400 people registering every week.”
MetaBeat 2022
MetaBeat will bring together metaverse thought leaders to give guidance on how metaverse technology will transform the way all industries communicate and do business on October 3-4 in San Francisco, CA.
Other investors included Remagine Ventures, Konvoy Ventures, and Space Capital. The announcement comes on the heels of Qualcomm’s previously announced Snapdragon Metaverse Fund and six months after Echo3D’s previous $4 million raise back in October 2021.
“Echo3D’s 3D-first content management platform is redefining how people create 3D, AR and VR experiences,” said Merav Weinryb, vice president of Qualcomm Israel Ltd. and managing director of Qualcomm Ventures
Read more on venturebeat.com
