Echo3D Has Raised $4 Million for Cloud Authoring AR, VR and 3D
New York-based Echo3D raised $4 million for use in cloud authoring of virtual reality, augmented reality, and 3D content for various applications.
Echo3D which was previously known as EchoAR wants to change how 3D, VR and AR content is streamed and stored. The company aims to reduce file sizes as well as development times for 3D objects that are used on apps and websites.
The funding round was led by Konvoy Ventures. Also participating were Space Capital, Reimagine Ventures as well as the angel investors GitHub, Datadog, and Facebook. The announcement has come following Echo3D’s latest milestone of hitting registrations of 11,000 developer users worldwide since 2020.
Echo3D was founded in March 2018 and provides tools and infrastructure that assist developers in creating lighter and faster 3D games and apps. It is a cross-platform solution for storing, managing and streaming 3D content to browsers, mobile devices, game engineers as well as smart camera devices at any place while also connecting all of these and extracting analytics.
Echo3D had about 300 developers before the pandemic but its developer base grew rapidly once the platform took hold and many companies wanted to use it to build solutions with 3D assets.
The Echo3D technology can also be used for converting, compressing, and optimizing 3D models, interactive content and animations and streaming these to any headset, smartphone or browser. Developers have used Echo3D to build AR advertisement campaigns, cloud-connected games as well as NFT marketplaces.
According to Echo3D cofounder Alon Grinshpoon, the backend infrastructure its product provides is crucial to the further growth of VR, AR, 3D and even metaverse, a universe of interconnected virtual worlds.
He describes Echo3D as a cloud platform for 3D applications which provides the tools and the network infrastructure that companies and developers need to build games, VR experiences, gear as well as 3D applications in general. Echo3D enables developers to store their animations, 3D model as well as interactive content which can subsequently be streamed to headsets, mobile devices and game engines as well as to browsers throughout the world.
An architectural firm could, for instance, use the Echo3D platform for its AR models by uploading assets to the platforms for items such as the 3D models of buildings and it becomes a small file that can be easily streamed via an iOS device.
Grinshpoon says his vision is for Echo3D to become like an Amazon Web Services for 3d or a go-to solution for 3d applications.
The company plans to use the new infusion of cash to increase its developer relations efforts as well as to grow its team of developers and marketers. Recently, Echo3D was named a Verified Solutions Partner for the Unity game engine by Unity which should make it easier for developers to utilize its 3D-first content management system (CMS) as well as the delivery network (CDN) which enable developers to build their app backend in a matter of minutes and also enables clients to more easily publish content to 3D apps and games without needing the assistance of development teams.
Echo3D was founded by Alan Grinshpoon, Koren Grinshpoon (his twin brother), and Ben Pedazur.