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Echo3D has raised $ 5.5 million for cloud storage and streaming of 3D, augmented reality and virtual reality content for a variety of applications. Qualcomm Ventures led the way.
The New York-based company hopes to change the way 3D, AR, and VR content is stored and streamed. The goal is to reduce file size and development times for 3D objects used in websites and applications.
Echo3D is focused on building tools and frameworks to help developers create stronger and faster 3D games and applications, Echo3D CEO Alon Grinshpoon said in an interview with GamesBeat. This is a huge addition for the user experience because no one wants to wait for heavy 3D assets to load after clicking or tapping on something.
“We are businessmen. The last time we spoke, we had almost 200 people sign up for our platform every week, ”Grinshpoon said. “And now we have 400 people signing up every week.”
Other investors include Remagine Ventures, Convoy Ventures and Space Capital. The announcement follows one previously announced by Qualcomm’s Snapdragon Metaverse Fund and six months after Echo3D’s previous $ 4 million fund in October 2021.
“Echo3D’s primary 3D content management platform is transforming the way people create 3D, AR and VR experiences,” said Merav Weinryb, vice president of Qualcomm Israel Ltd. and managing director of Qualcomm Ventures Israel and Europe, in a statement. “Their solution helps solve unique 3D challenges by enabling developers and content creators to easily manage and publish 3D content in their applications in minutes. We are excited to invest in echo3D to support next -generation content creation powered by Snapdragon Spaces technology.
The investment in Echo3D is in line with Qualcomm Technologies ’efforts to strengthen the XR ecosystem and lay the foundation for the Metaverse, the universe of virtual worlds that are all interconnected, like novels like Snowfall and Loan player usa.
Founded in March 2018, Echo3D creates tools and infrastructure to help developers create lighter and faster 3D games and applications. The cross-platform solution stores, manages and delivers 3D content to mobile devices, browsers, game engineers and smart cameras anywhere, while connecting them all and capturing analytics.
Before the pandemic, the company had about 300 developers. But when it was taken over, many companies wanted to create digital solutions with 3D assets, and the developer base quickly grew to tens of thousands.
The company found its way to Qualcomm Ventures in time for the opening of the $ 100 million metaverse fund. Qualcomm jumped at the chance to make Echo3D its first investment in funding. The company did not disclose the valuation, but Grinshpoon said it doubled in six months.
“Qualcomm is a hardware leader for AR and VR and their chipset, the Snapdragon,” he said. “The similarity between the hardware and our software makes perfect sense. They share the vision we have that it will be different in the next internet comeback.
Echo3D is now integrated with the Snapdragon Spaces SDK. The Echo3D also integrates the Niantic Lighship and 8th Wall to ensure it meets the basics of AR.
The cross-platform cloud solution stores, manages and delivers 3D content to mobile devices, browsers, game engineers and smart cameras anywhere, while connecting them all and capturing analytics. The company’s technology also transforms, compresses and optimizes 3D models, animations and interactive content, and streams them to any smartphone, headset or browser. Developers using echo3D have created cloud -connected games, AR ad campaigns, NFT markets, and more.
Developers using Echo3D have created cloud -connected games, AR ad campaigns, NFT markets, and more.
Grinshpoon describes cloud creation as a form of Amazon Web Services for 3D.
“It’s a cloud -based solution that provides network tools and infrastructure for developers and businesses who want to build games with VR experiences, and a class of any metaverse app,” he said. “We handle all the storage and conversion, compression and streaming. Some focus on graphics or avatars or whatever. And we actually focus on invisible objects, server configuration, conversion, conversion. compress, bandwidth, optimize, distribute assets around the world, on all different servers.
Grinshpoon sees progress towards the metaverse, the universe of virtual worlds that are all connected, like novels like Snowfall and Loan player usa.
The metaverse market is expected to reach $ 783.3 billion in 2024 from $ 478.7 billion in 2020, according to Bloomberg Intelligence. But this growth could mean that the industry has a challenge to build the backend infrastructure to support 3D, AR, and VR applications running on these devices, reducing file size and development time, and usability improvements for developers and users.
Echo3D, a Unity Game Engine Verified Solutions Partner, has created a 3D Content Management System (CMS) and Delivery Network (CDN) that allows developers to create their application backend in minutes and enable their customers to quickly to publish content in 3D games and applications without involving development teams.
Grinshpoon noticed that an architecture firm was using Echo3D for their AR models. He uploads 500 megabytes of assets to the platform for things like 3D models of buildings, and that turns into five megabytes that can be easily streamed on an iOS device.
The company will use the money to expand developer relationship efforts and grow our group of developers and vendors. Unity recently named Echo3D as a Verified Solution Partner for the Unity game engine. It makes it easy for developers to use its Content Management System (CMS) and 3D Delivery Network (CDN) which helps developers create their application backend in minutes and allows their customers to quickly publish to content. teams.
The company has 12 employees. The company was created by Ben Pedazur, Alon Grinshpoon and his twin brother Koren Grinshpoon.
“We hire like crazy,” Grinshpoon said. “We just want to duplicate that and become a cloud solution for 3D and metaverse applications.”
Eze Vidra, Managing Partner of Remagine Ventures, said in a statement, “The use of 3D content is skyrocketing, but the infrastructure to create, service and track 3D content is not yet available. There are many opportunities. around building a layer of infrastructure for the future of the Internet.That’s why Remagine Ventures is excited to continue to support echo3D’s mission of creating a cross-platform CMS and CDN for 3D content.
Echo3D was able to raise funds at the right time, before the economic downturn, inflation scare, crypto winter and other diseases started.
“Before everyone was scared, we were able to add to the round,” Grinshpoon said. “But the metaverse isn’t much affected. People are still talking about software and creating next -generation apps. Now is the right time.
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