Echo3D raises additional $5.5 million for metaverse cloud platform
Echo3D raises additional $5.5 million for metaverse cloud platform
The Israeli startup’s platform for 3D/AR/VR provides tools and network infrastructure to help developers and companies quickly build and deploy 3D apps, games, and content
Israeli startup echo3D, which has developed a cloud platform to store and stream 3D, AR, and VR content, has secured an investment of $5.5 million led by Qualcomm Ventures, with participation from Remagine Ventures, Konvoy Ventures, and Space Capital LP. The announcement comes on the heels of Qualcomm Incorporated’s previously announced Snapdragon Metaverse Fund and a short 6-months after echo3D’s previous $4 million raise back in October 2021.
echo3D focuses on building tools and infrastructure to help developers create lighter and faster 3D games and apps. The cross-platform cloud solution stores, manages, and streams 3D content to mobile devices, browsers, game engineers, and smart camera devices. The company’s technology also converts, compresses, and optimizes 3D models, animations, and interactive content, and streams them to any smartphone, headset, or browser. Developers using echo3D have built cloud-connected games, AR advertisement campaigns, NFT marketplaces, and more.
“The Metaverse is here and echo3D is building the tools and network infrastructure to support it,” said Alon Grinshpoon, Co-Founder of echo3D. “This is a monumental point in time for the Metaverse and the AR/VR ecosystem, and we are excited to have the support of Qualcomm Ventures as echo3D continues to build the backbone of the next Internet.”
The company’s 3D-first content management system (CMS) and delivery network (CDN) allows developers to build their app backend in minutes, and allows their clients to easily publish content to the 3D games and apps without involving development teams.
“echo3D’s 3D-first content management platform is redefining how people create 3D, AR and VR experiences,” said Merav Weinryb, Vice President, Qualcomm Israel Ltd. and Managing Director of Qualcomm Ventures Israel and Europe. “Their solution helps address the unique challenges of 3D by allowing developers and content creators to easily manage and publish 3D content to their apps in minutes. We’re excited to invest in echo3D to support the creation of next generation content enabled by Snapdragon Spaces technology.”
Eze Vidra, Managing Partner at Remagine Ventures added: "3D content usage is skyrocketing, but the infrastructure to create, serve and track 3D content has yet to catch up. There are big opportunities around building an infrastructure layer for the future internet. This is why Remagine Ventures is excited to continue supporting echo3D's mission to build the cross-platform CMS and CDN for 3D content."
