Darmstadt-based Threedy, a company offering a unique infrastructure component that allows companies to meet the ever-growing need for highly available 3D data in responsive and interactive 3D applications, announced a €9.6 million Series A investment, backed by the new investors LBBW Venture Capital, TRUMPF VENTURE, Futury Capital, and EquityPitcher Ventures. Existing investors Matterwave Ventures, Fraunhofer and High-Tech Gründerfonds (HTGF) renewed their commitment by participating in the Series A investment.
Over the first three years, Threedy successfully transformed from a Fraunhofer department to an independent company. Since its foundation in late 2020, Threedy has experienced significant growth, almost tripling its staff to build up a team of more than 50 highly skilled professionals from around the world. The company has not only maintained its strong customer relationships, but also experienced remarkable growth, especially in the Automotive and Manufacturing sectors. Threedy’ s cutting-edge technology is valued by numerous industry leaders, including the top-tier German car Manufacturers. Furthermore, Threedy has successfully broadened its network of partnerships, expanding beyond the initial focus areas of Automotive and the German market.
Threedy will continue its commitment to the commercialization of its innovative spatial computing infrastructure, accelerating the adoption across industries and application scenarios. The investment will further enable Threedy to drive the evolution of its product portfolio. Threedy’s expansion plans include further internationalization, while remaining dedicated to excellence and innovation, and making a lasting impact in serving their partners’ digital transformation. Threedy is now actively looking for new people in different roles to join its team, individuals who want to shape the future of the industrial digital twin space.
Patrick Herlinger, Investment Manager at LBBW Venture Capital, said: “Threedy caught our immediate interest with their cutting-edge technology and enormous growth potential. Their advanced spatial computing platform matches our investment strategy to support groundbreaking digital innovations that transform the backbone of key industries in the DACH area such as manufacturing or automotive. Threedy’ s instant3Dhub empowers companies to effortlessly access their most valuable assets – 3D Data – in real-time, on any device, at any given moment. We are excited to lead this investment and support Threedy’ s great team on their future journey.”
Jens Ortgiese, Principal at TRUMPF VENTURE, commented: “Threedy has successfully built a strong customer network of leading automotive and manufacturing companies for its revolutionary spatial computing technology, demonstrating the potential to become a market leader. As one of Threedy’ s most esteemed customers, TRUMPF builds on instant3Dhub to support Field Service workers with 3D visualization. We are more than excited to support Threedy’ s next growth step with our investment.”
Threedy allows its customers to establish a modern software architecture which reduces dependency on the monolithic and closed stacks of incumbent software vendors and opens the door to the agile development and scalable roll-out of a modern lightweight application layer. With a wide range of features for digital engineering, advanced collaboration, and seamless Mixed Reality, Threedy’ s software provides a strong foundation for industrial digital transformation.
Working with 3D data becomes as simple as sharing a link, simply by referencing it from arbitrary sources e.g., existing PDM/PLM solutions, and without any preparation or simplification efforts. Threedy’ s technology enables new, scalable applications over the entire product life cycle, from engineering to after sales – web-based and with zero-footprint on the client. By streamlining their 3D data utilization and communication, companies can also reduce their ecological footprint: business travel can be largely replaced by virtual exchanges, saving resources and time.
Benjamin Krahmer, Managing Director at Futury Capital, added: “We are excited about the opportunity to support the Hessian deep tech company Threedy in a strong investor consortium to drive the digitalization of manufacturing enterprises globally.”
Sascha Horrig, Founding Partner at EquityPitcher Ventures, said: “Innovative organizations from the DACH region always catch our immediate interest. With its revolutionary spatial computing approach, Threedy aligns perfectly with our investment thesis. We firmly believe in the immense potential of the company and are eager to support their journey.”
Existing investors Robert Gallenberger, Founding Partner at Matterwave Ventures, and Gregor Haidl, Principal at High-Tech Gründerfonds, as well as Markus Weitzel, Investment Manager at Fraunhofer Venture, stated: “We remain committed to supporting Threedy. Over the last three years since its foundation, Threedy showed a remarkable success story, transitioning from a startup and Fraunhofer spin-off to an established company. With already more than 50 employees, a growing customer base, valuable partnerships, and increasing application scenarios, we are excited to contribute to Threedy’ s next growth step.”
Read the orginal article: https://www.eu-startups.com/2024/02/darmstadt-based-threedy-secures-e9-6-million-to-fulfill-industrial-3d-visualization-across-devices/
