In the field of games, VR technology and AR technology are relatively popular. According to reports, it has been found that many game designers are difficult to move from 2D to 3D. To this end, Torch 3D has received $3.5 million in financing to build its augmented reality and virtual reality prototyping platform. This philosophy stems from the two Magic Leap employees who want to make teams build, share and update 3D concepts more quickly and easily.
This Portland, Oregon-based startup wants every designer to immediately develop and design 3D content in an immersive virtual environment, even if there is no previous game or software development experience. In addition to real-time, it also wants to enable these teams to prototype on any platform or device.
The leading investors in this round of financing are VR Fund and Silicon Valley Data Capital. Other investors include Seven Peaks Ventures, GVR Fund and Presence Capital
The company was founded by its chief executives Paul Reynolds and Josh Faust, who was responsible for Magic Leap's software development kits and applications. Then cloud-based entrepreneur Antony Falco joined the company. Torch 3D currently has 5 employees.
This round of financing will help Torch 3D to improve its public beta products and achieve release, in addition to team expansion.
“We have been working in the gaming industry for many years and we have found that many designers are having a hard time moving from 2D to 3D. So we saw a business opportunity to help these people, which may be a bit complicated. We now feel like we are filling a market vacancy. Speed ​​is what we need most," Reynolds told foreign media.
Torch 3D's beta project has begun to be surveyed, and the company is expected to officially launch its platform in early 2018. Reynolds said that this technology will be attractive in the retail industry, and store designers need to know what happens to physical stores after moving some objects.
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