Echo3D Has Raised $5.5 Million for Their Web3 Toolkit

admin — Tue, 05 Jul 2022 17:45:05 +0000

Echo3D has announced on Twitter the successful raise of $5.5 million for their web3 toolkit. This includes cloud storage and streaming of 3D AR and VR content for a wide range of web3 applications. Qualcomm Ventures led the round with participation from other investors including Remagine Ventures, Konvoy Ventures, and Space Capital. This announcement comes on the heels of Qualcomm Ventures previously established Snapdragon Metaverse Fund and six months after Echo3D’s previous $4 million raise back in October 2021.

The New York-based company was founded in March 2018 by Alon Grinshpoon, who is now CEO. Echo3D has stated that its goal is to change the way 3D, AR, and VR content is stored and streamed. The company’s aim is to reduce the file sizes and development times for 3D objects used on websites and apps.

Echo3D specifically focuses on building tools and infrastructures to help developers create lighter and faster 3D web3 games and apps. Their “cross-platform solution” stores, manages, and streams 3D content to mobile devices, browsers, game engineers, and smart camera devices.

snapdragon metaverse fund – RE3W.IO

Echo3D Has Raised $5.5 Million for Their Web3 Toolkit