seoulbased ar vr series investment
A Seoul, South Korea immersive experience company specializing in metaverse technology, artificial intelligence, augmented and virtual reality, raised nearly $24M(₩28B Won) in Series A funding.
The round included $20M from new financial and strategic investors and $4M from existing investors. The round was led by SV Investment with participation from Korean Development Bank, LB Investment, DS Asset, YG Investment, Intops Investment, Enlight Ventures, NBH Capital, and Korea Asset Investment Securities.
The company intends to use the funds to develop new products and expand its metaverse platform business, scale out with multiple open roles in recruiting, marketing, customer success, design and engineering, as well as make key investments in the brand experience in the market over the next year.
Founded in 2017 and led by Ken Kim, CEO, 3i has 34 technology patents and includes two brands:
- Pivo, a platform business sitting at the intersection of hardware, software, and content focused on empowering everyday creators around the world with its Pivo Pod, a portable AI-powered smart pod, and suite of mobile apps that extend the capabilities of any smartphone and simplify rich content creation.
- Beamo, an enterprise-grade digital twin solution for mission-critical businesses and sites. Beamo creates a dynamic digital twin that allows enterprises to conduct remote inspections, maintain equipment remotely, collaborate with remote teams and provide the most immersive navigation of mission-critical assets.