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Digital twins are primed to revolutionize the infrastructure industry

CIO

For decades in the AEC industry, work has been performed on a project-by-project basis using computer-aided design (CAD) and more recently building information modeling (BIM) software to create specific 2D and 3D deliverables. We’ve seen an uptake in live digital twins in recent months,” says Martin Rapos, CEO of 3D BIM developer Akular. “In

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Audi spinoff holoride collects $12M in Series A led by Terranet AB

TechCrunch

Our team was surprised, and delighted, to find that holoride had figured out how to quell the motion sickness caused both by being a passenger in a vehicle, and by using a VR headset. I used VR in a car going 90 mph and didn’t get sick. Automakers, suppliers and startups see growing market for in-vehicle AR/VR applications.

VR 253
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5 hot IT budget investments — and 2 going cold

CIO

Hot: AI and VR/AR With digital transformations moving at full throttle, and a desire to stay innovative, it should come as no surprise that use cases for virtual reality, augmented reality, and artificial intelligence continue to grow in several verticals.

Budget 218
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Bringing the National Museum of African American History and Culture to the world

CIO

To develop the project, Fearless leveraged Smithsonian’s APIs to access a massive catalog of digital content, including 3D models, videos, podcasts, and imagery not available in the physical building in order to create an immersive, rich experience that rivals a walk-through.

Culture 148
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SightCall raises $42M for its AR-based visual assistance platform

TechCrunch

Originally founded in Paris, France before relocating to San Francisco, SightCall has already built up a sizable business across a pretty wide range of verticals, including insurance, telecoms, transportation, telehealth, manufacturing, utilities and life sciences/medical devices.

Video 219
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A year on from Russia’s invasion, Ukrainian startups show astounding resilience

TechCrunch

After 2 months in an underground shelter they have also used their technology to register evidence of war crimes and provide the ability to immerse oneself into Ukraine to experience it, it’s now developing applications for psychological trauma treatment, VR medical trainin, combat surveillance systems and making the de-mining process safer.

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Lucky 13: A Baker’s Dozen Join Unicorn List In July

Crunchbase News

VR AR Infinite Reality , a creator of 3D immersive environments, raised a $350 million funding at a $5.1 Transportation Bangalore-based Rapido , a bike taxi company raised a Series E of $119 million led by Westbridge Capital. Here are the new unicorns in July by sector. billion valuation from an undisclosed multifamily office.

Biotech 126