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The San Diego-based startup specializes in metal 3D printing. Desktop Metal going public in SPAC-led deal that could value 3D printer company at $2.5B. The company plans to bring the technology to market, but notes that goals of hitting a general market will be a multiyear process.
Big morning for Massachusetts tech companies planning to go public via SPAC. The metal 3D printing company intends to merge with ONE, a special purpose acquisition company created by Kevin Hartz, who will join its board. The deal, which could value the additive manufacturing company at around $2.1
New York-based startup Sketchfab has been acquired by Epic Games , the company behind Fortnite and Unreal Engine. Sketchfab has been building a platform to upload, download, view, share, sell and buy 3D assets. Essentially, it is the leading repository for 3D files on the web. Epic Games isn’t disclosing the terms of the deal.
Once upon a time, the idea of 3D-printed homes felt like a thing of the future. But as housing gets less and less affordable — especially in ultra-expensive markets such as the Bay Area — companies are getting creative in their quest to build more affordable homes using technology.
There are a number of ways to make money in the metaverse by participating in play-to-earn games, buying virtual real estate, or creating 3D assets on metaverse platforms like Roblox, AltspaceVR and VRChat. million and values the company at approximately $25 million, Hwang said. Google shutting down Poly 3D content platform.
Snap quietly acquired Amsterdam-based 3D-scanning studio Th3rd in the second quarter of last year, at a time when the company was looking to bolster its AR-powered commerce ambitions. The company did not disclose the financial terms of the deal. In July 2021, it acquired 3D and AR commerce company Vertebrae.
Oakland-based Mighty Buildings , which is on a quest to build homes using 3D printing, robotics and automation, has raised a $22 million extension to its Series B round of funding. The company claims to be able to 3D print structures “two times as quickly with 95% less labor hours and 10-times less waste” than conventional construction.
A couple of years ago, Alex Yu and Amit Jain came together to found a company that’d let people capture objects in 3D using their smartphones — no additional equipment required.
3D model provider CGTrader has raised $9.5 We first covered the Vilnius-based company when it raised €200,000 from Practica Capital. Founded in 2011 by 3D designer Marius Kalytis (now COO), CGTrader has become a significant 3D content provider — it even claims to be the world’s largest. million 3D models and 3.5
3D printing has garnered a lot of hype, much of it for good reason: The technology has unlocked new kinds of object shapes and geometries, and it uses materials that tend to be much lighter weight than their traditionally manufactured counterparts. The company manufactures industrial 3D printers for thermoplastics.
A freshly funded player is PixCap , which is entering the fray with a no-code, web-based 3D design tool. CJ Looi , CEO of PixCap, is building the company when the web experience is undergoing what he called an “evolution from 2D to 3D.” 3D templates from PixCap. million from a seed funding round.
It enabled them to see and understand firsthand the issues associated with exchanging large proprietary 3D files from vendors like Autodesk and Trimble. Stefanescu said the goal is to provide a platform to open up the process and make it easier for companies to exchange information in 3D formats.
Creating single-family homes for the homeless using 3D printing robotics. Delivering what is believed to be the largest 3D-printed structure in North America — a barracks for Texas Military Department. And today, the company is adding a massive $207 million Series B raise to its list of accomplishments. and Mexico.
The company has developed a new neural rendering technology that makes it possible to take a small number of photos to generate, shade and render a photo-realistic 3D model of a product. In other words: you can see a 3D image of the product you’re considering in a VR headset.
The company, headquartered in France, has developed a SaaS-based visual e-merchandising platform with tools for creating 3D images for e-commerce. And, the company announced $100 million in Series B funding Tuesday, which quickly follows a $15 million Series A round announced in February.
Munich-based AM Ventures just closed a $100 million fund focusing specifically on the early growth stages of industrial and commercial 3D printing applications. The firm’s portfolio to date spans 18 companies across three continents. Scrona has big manufacturing plans for its tiny 3D printing. The firm led the $9.5
Now, a South Korean augmented reality (AR) startup called RECON Labs , which enables e-commerce customers to create 3D models within a few hours by taking a short video of products via its platform PlicAR, has raised $4.4 Retailers can save time and costs by using PlicAR without building their own 3D modeling platform, he added.
Specifically, the company relies on robotic and 3D printing solutions. That tech is coupled with a gantry-based 3D printing technology designed to construct interior and exterior walls for the structure. Specifically, the company is looking to target the housing crunch in its Bay Area backyard.
Hover — which has built a platform that uses eight basic smartphone photos to patch together a 3D image of your home that can then be used by contractors, insurance companies and others to assess a repair, price out the job, and then order the parts to do the work — has raised $60 million in new funding.
Or, as the company describes it, it’s like the “digital equivalent of LEGO.” ” Image Credits: Rooms.xyz The idea for Rooms was inspired by a combination of factors, explains co-founder Jason Toff — namely, that 3D model creation today was far too difficult.
million seed planned to accelerate its 3D printing technology. Most of these companies specialize in plant-based meats that mimic ground beef or sausage. The company notes that 70% of the meat market revolves around whole cuts — a stark contrast to what other alternative meats offer. “If On the one hand, there’s 3D printing.
Strava , the activity tracking and social community platform used by more than 100 million people globally, has acquired Fatmap , a European company that’s building a high-resolution 3D global map platform for the great outdoors. Terms of the deal were not disclosed. Fatmap in action Image Credits : Fatmap / Strava With 1.6
Hexa , a 3D asset visualization and management platform, today announced that it closed a $20.5 After all, the company was once one of the world’s largest smartphone manufacturers — not exactly entrenched in the 3D modeling space. They also can manage and assess the impact of their 3D content through our platform.”
ICON, which creates homes using 3D printing, has raised an additional $185 million in a round led by Tiger Global Management, TechCrunch has learned exclusively. While the Austin-based company confirmed the latest raise, it declined to comment on its valuation or provide further details. and Mexico.
The company first started out as MojiLala, which launched out of betaworks. Now as Leo AR, the company is focused on 3D augmented reality objects without losing focus on giving artists an easy-to-use outlet for their virtual wares. One entrepreneur, Dana Loberg , has capitalized on the launch of ARKit with her startup Leo AR.
Metal and carbon fiber company Markforged (best known for its Digital Forge platform) announced today that it acquired Digital Metal to further increase its lineup of machines that can produce metal parts. The company was previously owned by Swedish metal powder manufacturer Höganäs AB. million shares of Markforged common stock.
OPT’s 3D printing system was seven years in the making, but its timing was certainly fortuitous, with the creation of a swab it says is “up to 20 times more effective in bacterial sample elution.” Today, the company is making headlines again courtesy of a healthy $15 million Series A. Image Credits: OPT Industries.
The breakthrough made by CEO Will Edwards and chief scientist Ron Jones was to give that fuel a structure and 3D print it in a specially engineered matrix. The company designed engines around this concept and tested them at smaller scales, but recently graduated to the kind of engine you might actually use if you were going to space.
While the world debates how best to bring biology-fueled manufacturing into existence, one company is already rethinking its most important instrument. The Buenos Aires-based company just announced a $17 million Series A round; combined with previous seed and pre-seed rounds, that brings its total raised to $20 million. billion. ).
Founded in 2013, the Bay Area-based company provides centimeter-accurate 3D scanning services, primarily for construction sites and mining operations. In particular, the company is seeking to work with sites where connectivity is limited. That is typically mining companies, operating in all of these remote regions.”.
In the midst of the pandemic, Pantheon Design , a maker of industrial 3D printers from Vancouver, BC, suddenly found itself getting orders from factories in the Midwest, the center of heavy industries. Parts created by Pantheon’s 3d printer. The reason? “So their machines break down all the time.”
Avataar helps direct-to-consumer brands and e-commerce marketplaces with shaping their consumer journeys with 3D rendition of products. As long as the product images are in at least 1080p resolution, Aluru said, Avataar can stitch a virtual and 3D version from it. The six-year-old startup has raised about $55.5
The undisclosed investment by Daimler is in addition to the $170 million that Luminar raised as part of its merger with special purpose acquisition company Gores Metropoulos Inc. Luminar will become a publicly traded company through its merger with Gores, which is expected to close in late 2020. billion SPAC merger.
” Foursquare founder Dennis Crowley steps back from the company. Just under a year ago, Crowley stepped down from his full-time role at Foursquare after more than a decade at the company. “What are the things that we want to see exist in the world?
Its first customers include Aurora Innovation, which makes self-driving software for commercial trucks, and game developer Niantic, which is building a 3D map of the world. The skills Uber requires its new gig workers to have vary, Chris Brummitt, the company’s senior director for communications in Asia-Pacific, said via email. “It
The company started in Switzerland a couple of years ago with a mission to stop people from buying disposable Ikea stuff for a two-year stint in an apartment, replacing it with well-styled, well-thought-out interior design suggestions and robust, reusable and recyclable furniture. “It’s a great time to build a rent-to-own company.
III that will value the company at $2 billion. The agreement marks the latest lidar company to turn to so-called blank check companies or SPACs in lieu of a traditional IPO process. Lidar, light detection and ranging radar, measures distance using laser light to generate a highly accurate 3D map of the world around the car.
Carlo had an inkling that 3D printing could really change the game.” Mathur, who held tech chief roles at Staples and Biogen before coming to ConocoPhillips in 2021, is referring to Carlo De Bernardi, a principal engineer at ConocoPhillips responsible for scaling the company’s adoption of 3D printing.
3D-printed rocket startup Relativity Space has raised a $650 million Series E, bringing its total raised to over $1.2 The funds from the Series E will go toward accelerating the production of Terran R, the company’s heavy-lift, fully reusable two-stage rocket. Relativity’s post-money valuation now stands at $4.2
Online interior design startup Havenly is acquiring direct-to-consumer home furnishing brand The Inside , the company announced on Thursday. The company’s e-commerce platform is connected to hundreds of retailers for clients to make direct purchases. The financial terms of the deal were not disclosed.
Today, a dozen new companies launched out of the Entrepreneurs Roundtable Accelerator in New York City. The companies span a handful of different sectors including healthcare, fintech, enterprise and consumer-facing products. WearWorks is a company using haptics to help people communicate information through touch. departments.
In 1966, Ivan Sutherland invented the first head-mounted display which contained two separate wireframe images and gave a 3D effect. In 1977, a major advancement in 3D computer graphics was created to draw a 3D representation of an object on the screen, which acted as a foundation for most future developments.
Carly writes that the company’s owner, GoTo, says hackers stole customers’ encrypted backups. If you like the great outdoors : Strava, the activity tracking and social community platform, acquired Fatmap, a 3D mapping platform for the great outdoors, to make that next hike a doozy, Paul reports. Sarah has more.
The company also launched a suite of software for commercial and enterprise customers, its first departure from the consumer drone market where it had been focused prior to that raise since its founding in 2014. Skydio also hired two Samsara executives at the same time to work on product and engineering. Skydio’s U.S.
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