Hexa, a Tel Aviv, Israel-based 3D asset visualization and management platform, announced that it raised $20.5 million in Series A funding.
The round was from Point72 Ventures, Samurai Incubate, Sarona Partners, and HTC. Hexa's total funding to date stands at $27.2 million.
With a team of 100 global employees working in engineering and business development, the company aims to utilize the new funding to support further expansion.
"We are convinced 3D content will be at the heart of all online and offline retail," says Hexa CEO and co-founder Yehiel Atias. "You have to make it easy to use, inexpensive, and fast to return on your investment." Old methods of creating assets through photogrammetry or lidar scanning are less accurate and more expensive.
Hexa's proprietary tech stack digitizes products like furniture and fashion using existing 2D images and AI, creating a new 3D model, a digital twin of the physical object. This digital twin can then be deployed on websites, social media, and in AR applications and the models are interactive, too.
Hexa provides storage, management, distribution, and analysis of the models its customers create. The company believes the Internet will increasingly become 3D, Hexa 3D tools guide brands and retailers as they create, manage, distribute, and analyze 3D projects.
The company’s 3D Viewer facilitates parallel processing, loading at the maximum frames per second without sacrificing computational power. 3D models load as quickly as 2D images and are immediately interactive.
Company: Fitix Visualization Ltd.
Raised: $20.5M
Round: Series A
Funding Month: March 2023
Lead Investors: Point72 Ventures, Samurai Incubate, Sarona Partners, and HTC
Additional Investors:
Company Website: https://www.hexa3d.io/
Software Category: 3D Content Creation
About the Company: Founded in 2018, Hexa provides a SaaS platform for 3D content creation to enable AR/VR in commerce. The company focused on its mission to build the world's most powerful 3D tech stack, supporting the many use cases of synthetic data. Hexa's technology enables businesses to create, manage, distribute, and analyze high-fidelity 3D models, 360-degree viewing, and AR experiences at scale. Amazon, Macy's, Logitech, Unity, and Crate & Barrel are among the dozens of companies that now use the Hexa 3D platform for making, managing, and deploying their 3D assets.
Source: https://www.prnewswire.com/news-releases/hexa-raises-20-5m-in-series-a-funding-round-301759411.html