Urbanbase, a Seoul-based company that develops a 3D spatial data platform for interior planning and design, announced today it has raised $11.1 million (13 billion won) in a Series B+ round as it scales up was led by Hanwha Hotel & Resort, which is a subsidiary of South Korean conglomerate Hanwha Corporation.

The latest funding will be used for enhancing its B2B SaaS, investing in R&D for advanced virtual reality (VR), augmented reality (AR), and 3D tools.

Company: Urbanbase

Raised: $11.1M

Round: Series B+

Funding Month: August 2021

Lead Investors: Hanwha Hotel & Resort

Additional Investors: 

Company Website: http://urbanbase.com

Software Category: 3D spatial data platform 

About the Company: Urbanbase provide a platform of VR and AR tools for architecture and interior design. Urbanbase has patented technology of creating 2D floorplans in 3D, AR, and VR, in just a few seconds. Offers B2C VR home furnishing platform and AR mobile application for revolutionary interior design experience, as well as B2B sales tool based on internally-developed 3D, AR, VR APIs for various types of businesses such as real estate, home designing, retail, and many more. Current clients include LG, iLoom, Daelim, and over 40 interior/furniture companies.

Source: https://techcrunch.com/2021/08/29/korean-3d-spatial-data-tool-startup-urbanbase-closes-11-1m-series-b-round/