3D capture startup raises $1.8 million USD

New York-based 3D capture startup GeoCV, raised $1.8 million in seed investment from Runa Capital, Emery Capital, and several New York angel investors.

The company scans interior spaces using a 3D camera equipped smartphone and proprietary software. The space can be viewed in 3D from any angle in virtual reality (VR), or in a web browser.

Unlike the company’s competitors like Matterport, that offer 3D scanners at a price of $5,000, GeoCV utilizes $500 smartphones with 3D cameras such as Lenovo Google Tango.

“Our goal is to become the world’s №1 solutions provider for 3D capturing,” said Anton Yakubenko, GeoCV co-founder and CEO in an official statement.

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“Real estate is a beachhead market, where agents can include a 3D virtual tour in their listing. Other brick and mortar industries such as construction, interior design, insurance and property management will follow. User-generated content creation tools are the longer-term future when everyone has a 3D camera in their pocket and can easily view in AR and VR.”

GeoCV was founded in 2014 by 3D computer vision experts with 12 years of experience in the industry. The company has previously raised $700,000 and is an alumnus of San Francisco-based Rothenberg Ventures River River accelerator for VR companies, and New York-based Starta Accelerator.

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