Science & Technology

Echo3D Raises $ 5.5 Million for Cloud Authoring Tools for 3D, AR and VR Content

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Echo3D Raised $ 5.5 million for cloud storage and 3D streaming. Augmented reality and virtual reality Content for a wide range of applications. Qualcomm Ventures led the round.

New York companies want to change the way they store and stream 3D, AR, and VR content. The goal is to reduce the file size and development time of 3D objects used in websites and apps.

In an interview with GamesBeat, Echo3D CEO Alon Grinshpoon focuses on building tools and infrastructure to help developers create lighter, faster 3D games and apps. This is a huge benefit to the user experience, as you don’t have to wait for heavy 3D assets to load after clicking or tapping something.

“We have been at the forefront of our business. The last time we talked about it, about 200 people were enrolled in the platform each week,” says Grinshpoon. “And now, 400 people are registering every week.”

Other investors included Remagine Ventures, Konvoy Ventures, and Space Capital. This announcement follows what Qualcomm previously announced. Snapdragon Metaverse Fund And six months after Echo3D previously raised $ 4 million in October 2021.

Echo3D makes it easy to create and manage 3D, AR and VR content.

“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 Island Europe, in a statement. increase. “Their solutions help developers and content creators address the unique challenges of 3D by making it easy for developers and content creators to manage their 3D content and publish it to their apps in minutes. Snapdragon Spaces Technology We are pleased to be able to invest in echo3D to support the creation of next-generation content enabled by. “

Investing in Echo3D strengthens the XR ecosystem and MetaverseThe universe of a virtual world where everything is interconnected, as in the following novel Snow crash When Ready player one..

Founded in March 2018, Echo3D creates tools and infrastructure to help developers create lighter, faster 3D games and apps. Cross-platform solutions store, manage, and stream 3D content to mobile devices, browsers, game engineers, and smart camera devices, all connected to extract analytics.

Before the pandemic, the company had about 300 developers. But once that took hold, the developer base grew rapidly to tens of thousands as many companies wanted to develop digital solutions using 3D assets.

The company has found a way to Qualcomm Ventures just in time for the announcement of the $ 100 million Metaverse fund. Qualcomm has jumped at the opportunity to make Echo3D the first fund investment. The company didn’t disclose its valuation, but said Grinshpoon had doubled in six months.

Echo3D WebAR customizer.

“Qualcomm is such a leader when it comes to AR and VR hardware, and their chipset, Snapdragon,” he said. “The integration of hardware with our software makes perfect sense. They share our vision that this will be like the next iteration of the Internet.”

Echo3D has been integrated into the Snapdragon Spaces Software Development Kit (SDK). Echo3D is also integrated with Niantic Lighship and 8th Wall to ensure coverage of AR locations.

Cross-platform cloud solutions store and manage 3D content, stream it to mobile devices, browsers, game engineers, and smart camera devices, and connect them all to extract analytics. The company’s technology transforms, compresses, optimizes 3D models, animations, and interactive content and streams them to smartphones, headsets, or browsers. Developers using echo3D have built games connected to the cloud, AR advertising campaigns, NFT marketplaces and more.

Developers using Echo3D have built cloud-connected games, AR advertising campaigns, NFT marketplaces and more.

Grinshpoon describes cloud authoring as a kind of Amazon Web Services for 3D.

“It’s a cloud solution that provides tools and network infrastructure for developers and businesses who want to build games in a VR experience, and for all kinds of Metaverse apps,” he said. “We handle all storage and conversion, compression and streaming. Others focus on graphics, avatars, etc. And we’re really invisible, server setup, It focuses on conversion, compression, bandwidth, optimization, and distribution of assets across all these different servers around the world. “

Echo3D founders Koren Grinshpoon (left), Ben Pedazur, and Alon Grinshpoon.

Grinshpoon MetaverseThe universe of a virtual world where everything is interconnected, as in the following novel Snow crash When Ready player one..

The Metaverse market is set to reach $ 783.3 billion in 2024 Against $ 478.7 billion in 2020, according to Bloomberg Intelligence. However, this surge has helped the industry build back-end infrastructure to support 3D, AR, and VR applications running on these devices, reduce file size and development time, and improve developer and user usability. It can mean challenging.

Echo3D, a validated solution partner for the Unity game engine, has created a 3D-first content management system (CMS) and distribution network (CDN). This allows developers to build the back end of their app in minutes and clients can easily publish their content. 3D games and apps without the involvement of the development team.

Grinshpoon pointed out that construction companies are using Echo3D for their AR models. Upload 500MB of assets to a platform such as a 3D model of a building and it will be 5MB for easy streaming to your iOS device.

The company will use this money to expand its developer relationship efforts and grow its team of developers and marketers. Unity recently named Echo3D as a validated solution partner for the Unity game engine. This makes it easy for developers to use a 3D-first content management system (CMS) and distribution network (CDN), allows developers to build an app backend in minutes, and allows clients to build 3D games and apps. You can easily publish your content to. Involve the development team.

The company has 12 employees. The company was started by Ben Pedazur, Aaron Grinspoon, and his twin brother Koren Grinspoon.

Echo3D has raised funds for a 3D content creation tool.

“We are hiring like crazy,” said Grinshpoon. “We want to double that and become a reliable 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 for creating, delivering, and tracking 3D content hasn’t caught up yet. It’s a great opportunity to build an infrastructure layer for the Internet of the future. That’s why Remagine Ventures is excited to continue to support echo3D’s mission to build cross-platform CMS and CDNs for 3D content. “

Echo3D was able to raise money at the right time just before the outbreak of financial fatigue, fear of inflation, cryptocurrency winters and other illnesses.

“We were able to raise the round before everyone was surprised,” Grinshpoon said. “But the Metaverse hasn’t been that much affected. People are still talking about software and doing next-generation apps, so the timing is great.”

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Echo3D Raises $ 5.5 Million for Cloud Authoring Tools for 3D, AR and VR Content

https://venturebeat.com/2022/07/01/echo3d-raises-5-5m-for-cloud-authorning-tools-for-3d-ar-and-vr-content/ Echo3D Raises $ 5.5 Million for Cloud Authoring Tools for 3D, AR and VR Content

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