8/6/2015
Emery Capital and Starta Capital invested $1.15M into GEOCV 3d scanning software
The Emery Capital and Starta Capital funds have invested $1.15M into GeoCV, which develops a mobile app able to create 3D models of objects and rooms using mobile devices with 3D sensors. The news were provided to us directly by Emery Capital.
The Emery Capital and Starta Capital funds have invested $1.15M into GeoCV, which develops a mobile app able to create 3D models of objects and rooms using mobile devices with 3D sensors. The news were provided to us directly by Emery Capital.
Emery Capital fund was leading the round. The financing will be provided in steps; currently the company obtained $400,000. The investment will be directed to pilot sales launch in the USA and Russia this fall and to finance further development of the product.
The GeoCV software is designed for tablets and smartphones with 3D sensors that measure distance to a surface by each pixel of its frame. Such mobile devices are already available to developers, e.g., Google Project Tango and Intel RealSense. GeoCV algorithms automatically join video frames and values measured by the 3D sensor into a 3D model.
In January 2015, Starta Capital Investment Company and Moscow Seed Fund invested RUR 6M into GeoCV. The startup obtained RUR 2M from Starta Capital and RUR 4M more from Moscow Seed Fund in the form of a loan.
The main rivals of GeoCV are several American startups, such as Matterport and Occipital that have lately attracted $30M and $13M in financing, respectively.
About GeoCV
GeoCV develops a mobile app for 3D sensors of tablets and smartphones. The mobile app enables users to scan an apartment or office and get a 3D model with web access on mobile devices and in future developed apps. GeoCV is oriented towards the global market. GeoCV is a current Skolkovo resident and graduate of the MSU business incubator. The startup is a finalist of Web Ready, GenerationS and Startup Village, a winner of acceleration programs of Intel and GVA LaunchGurus.
About Emery Capital
Emery Capital is a venture investment fund oriented towards international technology companies with large growth potential in their early development stages. The investment portfolio of Emery Capital includes such projects as Sight Diagnostics, a computer platform for general blood assay and malaria detection; Iknow.travel, an interactive smart guide for travellers available via their phones and an Internet connection; Ekso Bionics, multipurpose robot-aided exoskeleton suits; and others.
About Starta Capital
The Starta Capital fund makes investments in early-stage companies with technical innovations, operating in expanding global trends, and showing potential for global leadership. The fund started operations in spring 2014. The initial fund volume was $3M. According to the company, price of transactions made by managing partners of Starta Capital in the last four years at the venture capital market comprised over $25M.
Source: firrma.ru
