GeoCV, a startup which is developing a mobile app for creating 3D-models of interiors using mobile sensors, has received $100k investment from Starta Capital and the Moscow Seed Fund.
Starta Capital provided a third of the funding, with the rest coming from the Moscow Seed Fund. GeoCV will also receive a further $50k from Starta Capital in the first quarter of 2015. The size of the funds’ respective stakes in GeoCV following the deal, along with the company’s valuation, have not been disclosed.
GeoCV is currently developing a prototype of the app, with several potential clients awaiting the first version for pilot projects. The company hopes to launch a public beta-version by the third quarter of 2015. It plans to charge $20 for each 3D-model.
GeoCV’s 3D-modelling app uses data from 3D-sensors, which Google and Intel have announced will appear on smartphones and tablets from 2015. The sensors consist of specialised cameras, which measure the distance between the device and every point of an object. The app will allow users to scan a room and generate a 3D-model using a mobile device.
3D-technology has the potential for use in entirely new markets in the near future. For instance, estate agents could offer clients virtual 3D-tours of properties as an alternative to visiting in person, saving them and their customers time. The technology also has obvious major implications for the design and construction industries.
The company’s founders, Anton Yakubenko and Gleb Krivovyaz, are graduates in computer graphics from Moscow State University. It is a resident of the Skolkovo accelerator and former Web Ready and GenerationS finalist.
GeoCV has its sights set on the global market, where there is already competition from startups such as Matterport and Paracosm.
Source: Firrma.ru
