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South Korea’s RECON Labs raises $4.4M to help shoppers visualize products by creating 3D models in AR   

TechCrunch

According to a recent survey of 16,000 Snapchat users in 16 markets, 92% of Gen Zers want to use AR and VR for online shopping. The company currently offers its service to more than 22 small and medium companies in South Korea, and is in discussion with potential customers in the fashion, toy and food sectors, Ban said.

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Korean 3D spatial data tool startup Urbanbase closes $11.1M Series B+ round

TechCrunch

Urbanbase , a Seoul-based company that develops a 3D spatial data platform for interior planning and design, announced today it has raised $11.1 The company had raised Series A funding of $1.8 billion in 2021, based on Strategy Analytics’ report. The company has about 50 B2B customers. million and an additional $1.2

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CommonGround raises $25M for immersive video avatar technology that doesn’t rely on VR gear

TechCrunch

The trials and tribulations that a giant company like Meta (née Facebook) has been facing in overcoming skepticism , creating user interest (let alone revenue) and building quality experiences for its all-in metaverse vision highlights just how much work lies ahead for any company working in mixed reality.

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Twitter co-founder Biz Stone joins board of audiovisual startup Chroma

TechCrunch

The company announced today that Twitter and Medium co-founder Biz Stone, previously an angel investor in Chroma alongside Pinterest’s founders, will join the company’s board of directors to contribute his expertise in areas like design, product development, filmmaking, and scaling brands. I would love to have it on there.

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Generally Intelligent secures cash from OpenAI vets to build capable AI systems

TechCrunch

A new AI research company is launching out of stealth today with an ambitious goal: to research the fundamentals of human intelligence that machines currently lack. “We have an agreement in place for $100 million — that money is guaranteed through a drawdown setup which allows us to fund the company for the long term.

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Daily Crunch: Stealth startup Figure releases first photos of its all-purpose humanoid robot

TechCrunch

The investor says it could take three years for the market to “accurately” reprice late-stage companies , Connie reports. Meanwhile, Connie also reports that Felicis today announced it has closed its ninth flagship fund with $825 million, compared with the $600 million core fund that it announced in the summer of 2021.

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Lidar startup Aeva to go public via $2.1 billion SPAC merger

TechCrunch

Aeva, a Mountain View, California-based lidar company started by two former Apple engineers and backed by Porsche SE, is merging with special purpose acquisition company InterPrivate Acquisition Corp., The deal with InterPrivate, which is led by private equity investor Ahmed Fattouh, is expected to close by early 2021.