CGTrader, a funding of USD 2.3M to develop 3D Model marketplace
CGTrader is one of the largest 3D Model marketplace and designer community for computer graphics, virtual/augmented reality and gaming. The company just raised USD 2.3M in funding to expand the business and meet the growing demand for 3D models.
Led by Karma Ventures, other investors such as Intel Capital and Practica Capital participated in the investment round.
With this funding, CGTrader will focus on their community. Their goal is to invest in the tools used by designers in order to strengthen the community. As co-founders Marius Kalytis and Dalia Lasaite explain: “We want to enable designers to make informed decisions about their portfolio and products by providing consistent and relevant marketplace information, so the improvements to Seller Analytics and designer dashboard pages will be introduced shortly.”
As far as the platform is concerned, some technological innovations will be brought in order to improve the user experience.
A new office in the US? — The company of the 3D Model marketplace will take advantage of this investment round to expand in the US.
“While humans experience the world in three dimensions, most of technology apps today still require interaction with a flat screen in 2D. This is about to change. Enabled by technologies such as spatial computing, augmented reality (ARKit, ARCore, AR Studio), virtual reality and WebGL, 3D is becoming the next wave of content towards interactivity and immersion – moving from text to images to video to 3D. By far, the biggest bottleneck in this market is the high cost of 3D content creation. CGTrader is playing a significant role in reducing the cost as well as empowering developers to create 3D applications much faster and more efficiently.” – says Dalia Lasaite, CEO and co-founder of CGTrader.
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