Two Moscow-based funds, Emery Capital and Starta Capital, have invested $1.15 million in GeoCV, a startup which is developing a mobile app for creating 3D-models of interiors. According to Russian tech blog Firrma.ru, the funding will be used for sales tests in the Russian and US markets in the next few months.
In a previous round in January this year GeoCV received $100k investment from Starta Capital and the Moscow Seed Fund.
The main purpose of GeoCV is to give users photorealistic 3D interior models easier, quicker and cheaper without the help of special equipment or specialists. The app uses data from 3D-sensors, which consist of specialized cameras. These measure the distance between the device and every point of an object.
GeoCV can be used to scan an apartment or office with a 3D model available on-line. The virtual space can be studied from any angle. All measurements can be made remotely and different interior design options can be tested.
3D modeling can be used in architecture. Source: Press Photo
The authors of the application are convinced that new ways of using 3D content will emerge in the near future. Mobile devices fitted with 3D sensors will become widely available.
The company is a resident of Skolkovo, the international tech hub under completion on the outskirts of Moscow. Among its main competitors are such US startups as Matterport and Occipital. The latter has just raised $13 million with the participation of Grishin Robotics.
This story includes excerpts from a report by Russia Beyond the Headlines, an international source of political, business and cultural news and analysis.
