3i Inc. Raises $24 Million in Oversubscribed Series A Round  

by Kay Aloha Villamor in September 24th, 2021

3i Inc., a Seoul, South Kores-based industry-leading immersive experience company specializing in metaverse technology, artificial intelligence, augmented and virtual reality, and a member of Born2global Centre, raised nearly $24 million (28B Won) in Series A. The round included $20M from new financial and strategic investors and $4M from existing investors.

SV Investment led the round, with other participants including Korean Development Bank, LB Investment, DS Asset, YG Investment, Intops Investment, Enlight Ventures, NBH Capital, and Korea Asset Investment Securities.

3i plans to use the funds raised to develop new products and expand its metaverse platform business. Additionally, 3i plans to invest significantly in scaling out the company with multiple open roles in recruiting, marketing, customer success, design, and engineering, as well as key investments in the 3i brand experience in the market over the next year.

Company: 3i Inc.

Raised: $24.0M

Round: Series A

Funding Month: September 2021

Lead Investors: SV Investment

Additional Investors: Korean Development Bank, LB Investment, DS Asset, YG Investment, Intops Investment, Enlight Ventures, NBH Capital, and Korea Asset Investment Securities

Company Website: https://www.3i.ai/

Software Category: Metaverse platform

About the Company: Founded in 2017, 3i provides both hardware and software solutions that transform the way the physical world interacts with the digital world. 3i has 34 technology patents and includes two brands: Pivo and Beamo. Pivo is a platform business sitting at the intersection of hardware, software, and content focused on empowering everyday creators around the world with its Pivo Pod, a portable AI-powered smart pod, and a suite of mobile apps that extend the capabilities of any smartphone and simplify rich content creation. With 29+ nationalities of employees working in more than 8 countries, 3i is a truly global and distributed company. Its solutions leverage state-of-the-art technologies such as AI/ML and AR/VR to help our customers create the most immersive experiences through rich content and digital twins. We believe 3i solutions will accelerate the creation of the metaverse through digital transformation, digitalization of content, and business workflows

Source: https://www.prnewswire.com/news-releases/3i-inc-raises-us24m-in-oversubscribed-series-a-funding-round-301383758.html


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