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Last week Modsy, a San Francisco-based startup raised a large amount of funding – $37 million in C-round funding to be precise. And that followed a $23 million series B round in December 2017.
Why the large amounts I hear you ask? Well, Modsy is developing a platform that lets property owners create virtual renderings of rooms and restyle them in real time. So that means 3D automation, plus virtually positioning furniture items, combined with a marketplace where you can buy the items. Modsy’s tech replicates rooms in 360 degrees, with furniture from dozens of well-known brands. It’s a powerful combination.
Move - AR/VR - Technologies - Place - Player
The move shows that AR/VR technologies are now finding their place, not in a ‘Ready Player One’ style future but in the more mundane, but lucrative area of interior design.
But there’s another company out there that claims to have reached 40 million users with far more modest funding.
Planner - Design - Tool - Floor - Plans
Planner 5D is a design tool that lets you create floor plans and interior designs using VR and AR. But its approach is different.
It first learns about how the house is used and then automatically creates a design. The startup claims its users have already designed more than 80 million projects without requiring any special design or software skills.
Software - Users - Rooms - Floors - Furniture
The software allows users to add rooms and floors in 3D, choose furniture and other objects from a catalog of over 4,500 items, and customize the materials, colors, and dimensions of the interior items and rooms. The AR aspect is used for capturing the dimensions of real rooms, while switching to VR lets you walk through the interiors virtually.
But homes are just the start. Founded in 2011 by Alexey Sheremetyev and Sergey Nosyrev in Lithuania, with backing from investor Igor Matsanyuk...
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