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Avataar raises $45 million to improve consumer shopping experience with life-sized 3D product evaluation

TechCrunch

Avataar helps direct-to-consumer brands and e-commerce marketplaces with shaping their consumer journeys with 3D rendition of products. As long as the product images are in at least 1080p resolution, Aluru said, Avataar can stitch a virtual and 3D version from it. The six-year-old startup has raised about $55.5 Avataar.me

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Nanome raises $3 million to help scientists get up close with molecular structures in VR

TechCrunch

Yet, the R&D process for drug discovery relies on 2D monitors, keyboard, and mouse, which limits the understanding of complex 3D structures or interactions and contributes to massive R&D costs averaging $2.5B “Understanding structure empowers our users to understand how their designs function,” he wrote in an email. per drug.”.

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LG announces the first 50 participants in its LG Nova program

TechCrunch

LG’s innovation center — LG Nova among friends — today announced that it has selected the first 50 companies for its Mission for the Future global challenge competition. From 1,300 applicants, the company picked its first cohort to start building opportunities with the startups. ” I spoke with Dr. .

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Hire VR Unity Developer in Ukraine

Mobilunity

Nowadays, more and more companies are in search of a highly qualified AR/VR Unity engineer for their projects, seeing the potential of these technologies. Why Companies Look for AR/VR Unity Engineer. Why Companies Look for AR/VR Unity Engineer. Benefits of Hiring VR Unity Programmers.

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Y Combinator-backed Poly uses AI to generate art assets

TechCrunch

One of the more interesting ventures to emerge from the space recently is Poly, which lets designers create video game and other virtual assets, including textures for 3D models, using only text prompts. Poly’s first tool in its planned web-based suite generates 3D textures with physically-based rendering maps.

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Startup Investors Have Fled The Metaverse

Crunchbase News

rounds of $100 million or more in 2023 for consumer-facing companies developing virtual worlds. To date, the company has lost tens of billions on its metaverse efforts. sales of VR headsets and augmented reality glasses have reportedly plummeted. Intriguing indeed, but hardly a recreational application. It’s not just Meta.

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How the metaverse will help financial organizations transform employee and customer experience on Microsoft Cloud

CIO

For example, clients can hold virtual consultations with investment advisors across the globe and improve their financial knowledge by using 3D interactive tools. Organizations can then co-create experiences on the TCS Avapresenceä platform , which uses blockchain, AI, AR, VR, and mixed reality technologies to address customer needs.