Avataar Raises $45 Million in Series B  

by Kay Aloha Villamor in January 10th, 2022

Avataar, a Bengaluru, India-based startup leading AI and computer vision platform focused on the spatial visual discovery, raised $45 million Series B funding.

The round was led by Tiger Global, with participation from Sequoia India.

The latest funding brings the total funds raised by the firm to about $55.5 million across all funding rounds.

Company: Soul Vision Creations Pvt. Ltd

Raised: $45.0M

Round: Series B

Funding Month: January 2022

Lead Investors: Tiger Global

Additional Investors: Sequoia India

Company Website: https://www.avataar.me/

Software Category: 3D AI Computer vision platform

About the Company: Founded in 2014, by Prashanth Aluru, Sravanth Aluru, Gaurav Baid, and Mayank Tiwar. Avataar is a 3D AI company that helps large enterprise customers create immersive and interactive shopping experiences for their end consumers. The firm integrates Avataar’s plug-and-play technology into the websites and mobile apps of its client partners which helps customers to visualize the products in their real-life size and feel in their living room using the phone’s camera. Avataar’s vision is to bridge the gap between offline-online experiences by replacing the current 2D visuals with life-size and hyper-realistic 3D XR/AR experiences.

Source: https://mybigplunge.com/startups/funding-news/avataar-scoops-up-45-million-in-series-b-from-tiger-global-sequoia/



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