3D mannequin supplier CGTrader raises $9.5M Collection B led by Evli Progress Companions

3D mannequin supplier CGTrader, has raised $9.5M in a Collection B funding led by Finnish VC fund Evli Progress Companions, alongside earlier traders Karma Ventures and LVV Group. Ex-Rovio CEO Mikael Hed additionally invested and joins as Board Chairman. We first lined the Vilnius-based firm when it raised 200,000 euro from Practica Capital.

Based in 2011 by 3D designer Marius Kalytis (now COO), CGTrader has change into a signifiant 3D content material supplier – it even claims to be the world’s largest. In its market are 1.1M 3D fashions and three.5M 3D designers, service 370,000 companies together with Nike, Microsoft, Made.com, Crate & Barrel, and Staples.

Not like photographs, 3D fashions can be used to create each static photos in addition to AR experiences, in order that customers can see how a product would possibly match of their house. The corporate can also be seeking to spend money on automating 3D modeling, QA, and asset administration processes with AI. 

Dalia Lasaite, CEO and co-founder of CGTrader mentioned in a press release: “3D fashions usually are not solely broadly utilized in skilled 3D industries, however have change into a extra handy and cost-effective method of producing superb product visuals for e-commerce as effectively. With our ARsenal enterprise platform, it’s as much as ten instances cheaper to supply photorealistic 3D visuals which might be indistinguishable from images.”

CGTrader now plans to consolidate its place and additional develop its platform.

The corporate competes with TurboSquid (which was not too long ago acquired for $75 million by Shutterstock) and Threekit.

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