My3DSelfie raises undisclosed sum in pre-Series A round
My3DSelfie, a 3D digital asset startup, announced that it has raised an undisclosed amount in a pre-Series A round from NEDFi Ventures and AccelNest.
NEDFi Ventures is leading the round via its North-East Venture Fund.
The Assam-based startup plans to use the freshly raised funds for technology development, marketing of the service and licensing. The company is also planning to open a tech development center in Bengaluru and expand its products to newer geographies.
Speaking about the funding, Harsha P Deka, Founder and CEO, My3DSelfie, said, “We would like to move faster and disrupt the 3D modeling space. The application of our technology can be massive and beneficial across industries. 3D printed figurine is just one of the applications of this technology. We are looking at launching quite a few channels in the next few months. We are on track in building a scalable technology that would enable us to reduce the time to develop 3D models further to 1/10th of the industry-standard time while also making the 3d model more accurate.”
Established in 2016, My3DSelfie uses machine learning and 3D technology to generate nearly 90 percent accurate 3D assets. The brand claims to create the figurines in 1/4th of the time as compared to industry standard time.
Dhirendra Sinha, Partner at AccelNest and Strategy Advisor at My3DSelfie, added, “We are making a lot of investments in machine learning technology to pave a path that further disrupts the 3D modeling and animation industry. My3DSelfie is positioned for the future with a lot of possibilities. I am personally very bullish about the company’s future and have also taken a Technology Advisor role at the startup. My3DSelfie is already well-positioned in the personalized 3D gifting industry. We are very excited about the direction where My3DSelfie is going and can’t wait to see what the future holds for them.”
Commenting on the funding, PVSLN Murty, Chairman, NEDFi Ventures said, “The 3D printing market is still very nascent in India, which talks about the huge scope it holds. We believe My3DSelfie can leverage the market potential to not only steer the industry but provide the audience with the finest technology in the space.”
My3DSelfie seems to have built an innovative platform with its unique offerings. I’m sure the company will continue to reach new heights of success in its journey ahead. My best wishes to the team of My3DSelfie.Shishir Gupta, Founder and CEO, StartupLanes
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