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3D scanning app Polycam gets backing from YouTube co-founder | TechCrunch

Feb 07, 2024 - techcrunch.com
Polycam, a 3D scanning app, has raised $18 million in a Series A funding round led by Left Lane Capital, with participation from Adobe Ventures and YouTube co-founder Chad Hurley. The funds will be used to develop new 3D editing and collaboration features, train AI models for rendering 3D objects, and expand into new markets. The app, which uses a smartphone's sensors to capture 3D scans of objects, was founded in early 2021 by Chris Heinrich and Elliott Spelman, who previously worked together at Ubiquity6, a startup developing mobile 3D scanning and AR tech.

Polycam offers a suite of 3D capture and modeling tools and has nearly 100,000 paying customers. Its apps have been downloaded over 10 million times on iPhone and Android. The company plans to expand more aggressively, including launching enterprise subscription tiers, doubling its workforce by 2025, and expanding to Apple's AR headset, the Vision Pro. It is also investing in training AI models to improve the quality of its 3D scans.

Key takeaways:

  • Polycam, a 3D scanning app, has raised $18 million in a Series A funding round led by Left Lane Capital, with participation from Adobe Ventures and YouTube co-founder Chad Hurley.
  • The funding will be used to support new 3D editing and collaboration features, train AI models for rendering 3D objects, and expand into new markets.
  • Polycam, which was founded in 2021, has nearly 100,000 paying customers and its apps have been downloaded over 10 million times.
  • The company plans to expand to the Vision Pro, Apple's AR headset, and is also training AI models to improve the fidelity of its 3D scans.
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