Published On: Wed, Feb 24th, 2021

3D indication provider CGTrader raises $9.5M Series B led by Evli Growth Partners

3D indication provider CGTrader, has lifted $9.5M in a Series B appropriation led by Finnish VC account Evli Growth Partners, alongside prior investors Karma Ventures and LVV Group. Ex-Rovio CEO Mikael Hed also invested and joins as Board Chairman. We initial lonesome a Vilnius-based association when it lifted 200,000 euro from Practica Capital.

Founded in 2011 by 3D engineer Marius Kalytis (now COO), CGTrader has turn a signifiant 3D calm provider – it even claims to be a world’s largest. In the marketplace are 1.1M 3D models and 3.5M 3D designers, use 370,000 businesses including Nike, Microsoft, Made.com, Crate Barrel, and Staples.

Unlike photos, 3D models can also be used to emanate both immobile images as good as AR experiences, so that users can see how a product competence fit in their home. The association is also looking to deposit in automating 3D modeling, QA, and item government processes with AI. 

Dalia Lasaite, CEO and co-founder of CGTrader pronounced in a statement: “3D models are not usually widely used in veteran 3D industries, though have turn a some-more available and cost-effective approach of generating extraordinary product visuals for e-commerce as well. With the ARsenal craving platform, it is adult to 10 times cheaper to furnish photorealistic 3D visuals that are uncelebrated from photographs.”

CGTrader now skeleton to connect the position and serve rise the platform.

The association competes with TurboSquid (which was recently acquired for $75 million by Shutterstock) and Threekit.

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