Prevu3D is a 3D digital twin technology company that enables businesses to explore the metaverse experience.
The Prevu3D’s technology allows business corporations to create a digital semblance of their work environments which will enable them to improve remote cooperation. With Prevu3D technology, enterprises can lower their carbon footprint, and limit human errors and the negative impact of technology on the environment.
The 2020 coronavirus rampage that necessitated global lockdown forced many organisations to adopt the work-from-home culture. However, implementing this new work culture required some adjustments and the digital twin technology has proven potent in allowing developers and engineers to team with colleagues remotely.
Prevu3D Seed Round
Prevu3D recently announced a raise of $10 million in a seed funding round led by Cycle Capital, a tech-driven venture firm investing in the growth of startups. The Series A funding round had in participation of previous investors like Brightspark Ventures and Desjardins Capital.
The company said the funds raised will be utilized to rev the development of its 3D digital twin technology for the industrial environment.
Commenting about the funds raised, Nicolas Morency, Prevu3D Founder and CEO said “The future is bright for this market, and the expectations for its growth over the next few years are massive. Prevu3D aims to lead the way and continue to work closely with industry leaders to drive efficiency and build applications to solve today’s challenges and beyond.”
Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital commenting on his company’s leading role in the fundraising said: “Prevu3D’s team is building a unique digital solution that helps manufacturing and production facilities better manage and accurately plan out their industrial plant projects more seamlessly and cost-effectively.”
Cycle Capital is very committed to sponsoring projects that will contribute to climate change relief and the move towards a net-zero economy.