3D Cloud by Marxent, a St. Petersburg, FL-based 3D product experience platform for furniture and home improvement retailers, raised $7.5 million in Series D funding.
The round was led by Tampa-based entrepreneur and board member Arnie Bellini with additional investment from Lee Arnold, Executive Chair of Colliers International Florida and a long-time investor in the company.
This funding round increases the company's valuation to over $135 million. The investment will help 3D Cloud to accelerate design automation efforts with AI.
The company has plans to open the 3D Cloud platform directly to independent interior designers and pros with innovations like artificial intelligence-powered design automation, LiDAR room scanning integration, and self-service.
"With the Series D funding, we'll be able to fast-track the development of our AI and design automation capabilities," said Beck Besecker, CEO and co-founder of 3D Cloud by Marxent. "Interior and outdoor design professionals are looking for modern, browser-based, and collaborative solutions and will love designing with 3D Cloud applications. Our goal is to create easy-to-use tools that cater to the needs of homeowners, store associates, and design professionals alike. AI is the key to achieving this vision."
The company's platform enables furniture, kitchen, bath, and decking retailers and manufacturers to create immersive 3D product configuration, 3D room planning, and other 3D product experiences that drive conversion and capture operational cost savings.
Company: Marxent Labs LLC
Raised: $7.5M
Round: Series D
Funding Month: May 2023
Lead Investors: Arnie Bellini
Additional Investors: Lee Arnold
Company Website: https://www.marxentlabs.com/
Software Category: 3D Product Visualization Software
About the Company: 3D Cloud by Marxent is the 3D product experience platform and 3D e-commerce for furniture, kitchen, bath, outdoor, and office furniture, closets, and storage. The 3D Cloud platform is a B2B SaaS that allows retailers and brands to build endless applications from a single 3D product catalog. With 3D Cloud, 3D content is created, managed, and published to all 3D applications from a single source of truth for consistency across every touchpoint in the customer journey. 3D Cloud by Marxent has offices in Miamisburg, Ohio; St. Petersburg, Florida; London, England; and Auckland, New Zealand. Clients include a major U.S.-based home improvement retailer, Kingfisher plc, PlaceMakers, Mico, Kinsman, Macy's, Ashley, HNI Corporation, La-Z-Boy, Joybird, and John Lewis and Partners. The company is backed by Dan Gilbert and Arnie Bellini.
Source: https://www.prnewswire.com/news-releases/3d-cloud-by-marxent-raises-7-5-million-in-series-d-to-fast-track-design-automation-with-ai-301816143.html