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Forward Partners Leads Gravity Sketch’s 1.7 Million Seed Funding

Virtual reality and 3D design sofware startup Gravity Sketch has raised $1.7m (£1.2m) in Seed funding.

The startup’s round was led by London-based VC Forward Partners.

Gravity Sketch also received backing from Super Ventures, a San Francisco-based augmented reality and VR-focused venture capital firm.

Wacom, a Japanese company specialising in graphic tablets and related products, also participated.

The startup will use the cash to continue buildings its immersive 3D design software, which can be used to create, iterate and communicate three-dimensional ideas between key stakeholders in the design process. Gravity Sketch is also looking to expand across the globe.

Matthew Bradley, an investor at Forward Partners, will join Gravity Sketch’s board of directors as a result of the firm’s investment.

He said: “Designing anything that is physical which is at all massive – whether it’s a car, a shoe, a building – is a complicated and old fashioned process. CAD is great but fussy and extremely detailed. What the team at Gravity Sketch has achieved is complementary to existing top-class CAD software yet will achieve huge efficiencies and improvements in the design process. It’s the best use of VR in the enterprise that I’ve ever seen.”

Gravity Sketch is already working with automotive clients in Asia, Europe and North America.

Daniela Paredes-Fuentes, co-founder at Gravity Sketch, said: “We are pleased to announce our successful raise of Seed capital.

“Since the founding of our company, we’ve focused on creating more intuitive and effective design and communication tools, helping our customers reduce design cycles is our number one objective.

“This investment allows us to expand to help more customers shake up their lengthy design workflows with a more intuitive immersive experience.”

Original Article Source

Author: VR Reporter

I am a hi-tech enthusiast, VR evangelist, and a Co-founder & Chief Director at Virtual Reality Reporter!

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