Led by Charles Migos, a former Apple designer, and co-founder Bharat Vasan, Intangible aims to democratize 3D design. The company is currently in closed beta and plans to officially launch in June with both free and paid subscription options. The recent funding round, led by A16z Speedrun and Crosslink Capital, will support product development and team expansion. Intangible plans to double its current team of 10, which includes talent from Pixar and ILM, and has already garnered interest from major film and gaming studios.
Key takeaways:
- Intangible AI, backed by $4 million in seed funding, offers an AI-powered tool for creating 3D world concepts using text prompts, aiming to make the creative process accessible to professionals and everyday users.
- The company plans to launch its no-code web-based 3D studio in June, allowing users to create 3D worlds without complex coding, using a library of 6,000 assets and AI image generation.
- Intangible's product includes collaboration capabilities, enabling teams to work together in real-time and gather feedback, with interest already from major film and gaming studios.
- The recent funding round, led by A16z Speedrun, Crosslink Capital, and angel investors, will support product development and hiring, with plans to double the current team of 10 people.