New Delhi Bureau: My3DSelfie, a 3D Digital Asset company has raised an undisclosed amount in Pre-Series A from NEDFi Ventures and AccelNest. The round is being led by NEDFi Ventures through its North-East Venture Fund.
Founded in 2016, My3DSelfie leverages Machine learning and 3d Technology to create close to 90% accurate 3D assets. The brand boasts creating the figurines in 1/4th of the time compared to industry standard time. My3DSelfie has already served consumers and brands such as McDonalds, IPG, Marvel, English Premier league, Biomarin, Henkel, Harvard University, Cardiff University, etc in over 40 countries.
“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.” said Mr. Harsha P. Deka, Founder & CEO, My3DSelfie.
On the Investment Mr. Dhirendra Sinha, Partner at AccelNest and Strategy Advisor at My3DSelfie affirmed “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 start-up. 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.”
“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. Harsha’s vision and passion for tech can certainly create a mark in this space. We are glad to add this brand to our portfolio.” said Shri PVSLN Murty, Chairman NEDFi Ventures.
The amount raised will be majorly utilized in tech development at the company, marketing of the service, and licensing. The Brand is also looking to open a tech development centre in Tech Hub of India Bengaluru, and product expansion to the new geographies. After staying bootstrapped for nearly 3.5 years of inception brand raised its seed round from IIMCIP in 2020 and raised close to USD 1 Mn in total including the current round.