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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. Retailers can save time and costs by using PlicAR without building their own 3D modeling platform, he added. RECON Labs claims it has more than 10,000 products that are 2D converted into 3D content.

3D 244
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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 billion in 2021, based on Strategy Analytics’ report. Apple also waded into the area of virtual reality, working on developing a high-end VR headset.

3D 189
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CommonGround raises $25M for immersive video avatar technology that doesn’t rely on VR gear

TechCrunch

Like “TrueSelf Scan,” the name of the initial application that’s used to scan a person’s image, the meeting software also will not require a VR headset to use and engage with — users will be “seated” in a room that will be shown on a video screen.

VR 220
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Generally Intelligent secures cash from OpenAI vets to build capable AI systems

TechCrunch

Called Generally Intelligent , it plans to do this by turning these fundamentals into an array of tasks to be solved and by designing and testing different systems’ ability to learn to solve them in highly complex 3D worlds built by their team. Qiu blamed the high-churn nature of the leads-sourcing business.)

System 237
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Bringing the National Museum of African American History and Culture to the world

CIO

To develop the project, Fearless leveraged Smithsonian’s APIs to access a massive catalog of digital content, including 3D models, videos, podcasts, and imagery not available in the physical building in order to create an immersive, rich experience that rivals a walk-through.

Culture 246
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Daily Crunch: Stealth startup Figure releases first photos of its all-purpose humanoid robot

TechCrunch

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. The fund closed 50% more deals last year than in 2021, some as prices were still rising — and it says it regrets nothing.

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

TechCrunch

The deal with InterPrivate, which is led by private equity investor Ahmed Fattouh, is expected to close by early 2021. Velodyne long dominated the lidar industry and supplied most AV developers with its products. with a post-deal market valuation of $2.1 Image credits : Aeva.