3D Geometric Search Startup Physna Raises $56 Million In Series B Funding
According to Forbes, American 3D geometric search engine developer, Physna, has completed a new investment round of US$56 million in financing led by Tiger Global and co-invested by GV and Sequoia Capital. This round of financing is just 5 years after the company’s B round. Months after this round of financing, Physna's total financing exceeded $86 million.
Physna will use the acquired funds to further develop the deep learning-based geometric search engine, Thangs. In addition to the announcement of financing news, Physna also announced the launch of Instant AR. This is a major Thangs software update. Based on this function, 3D models will be converted in AR format, where users can place AR objects in the real world through the phone's camera.
John Curtius, partner of Tiger Global, said
"Physna's launch of the Instant AR function that can convert 3D models to AR format is a great innovation. With this function, traditional 3D model companies will be able to solve the technical problems that could not be solved in the past that caused major economic losses".
Founded in 2016, Physna aims to enable computers to perform geometric deep learning to convert 3D model codes into data usable by traditional software.
Physna's technology can analyze, compare and search for 3D models based on geometric shapes. Through the Physna enterprise platform, engineering professionals only need to search for predefined 3D objects, partial models or geometric measurement values to find a brand new 3D assembly model.
GV partner Brian Bendett said
"With the continuous integration of the physical and digital worlds and the development of computing interfaces, standardized data and search in the 3D digital world will become more important. There is no doubt that Physna is establishing a new standard for 3D search. , I am very happy to reach a cooperation with Physna."