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NetSol Invests $5M 3D Mapping and VR Firm eeGeo

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NetSol Invests $5M 3D Mapping and VR Firm eeGeo

3D and Virtual reality-based new businesses are all of a sudden hot properties in 2016, to a great extent on account of the quest for the following enormous immersive experience for shoppers and organizations. One such startup, eeGeo is wanting to make a major sprinkle in the 3d mapping applications and immersive virtual reality space.

The London-based startup eeGeo recently secured $5 million in funding from NetSol Technologies, a known name in IT solutions provider in the US and other countries. As part of the investment, both the companies will now enjoy a strategic partnership where NetSol and eeGeo engineers will work and collaborate on many new products.

eeGeo has been valued at just over $26 million, based on the investment NetSol will make ($3.912 million) and the 15% stake that it will hold in eeGeo subsequently.

About eeGeo

The VR and 3D arrangements organization may not be known not individuals but rather its innovation is in boundless utilize that you might have gone over it. Applications created by eeGeo have been downloaded 4.5 million times.

eeGeo was helped to establish by two folks, one from Sony and one from Google separately – CEO Ian Hetherington and Rian Liebenberg. They as of now number Cisco, Samsung and more as their customers by giving them mapping applications to shoppers and organizations.

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The main items eeGeo made was for the customer. Recce, an intelligent guide/gaming stage, and additionally Go Deliver, an area based, promoting stage settled inside an amusement. In any case, amid the most recent couple of years, the organization has wandered into the B2B space, beginning with open air maps and in the long run finding a lucrative prospect with indoor representations.

NetSol Invests $5M 3

A 3D Environment designed with eeGeo Tools

eeGeo’s indoor perception and 3d mapping instruments prove to be useful when associations are investigating outlining 3d inside models for their items. eeGeo’s answer is novel in the way it makes utilization of a 2D guide to plan elaborate 3D insides. To date somewhere in the range of 25,000 structures have been outlined with eeGeo’s instruments.

The organization looks towards the future, crowdsourcing so as to take a gander at the guarantee held mapping information, coordinating its tech to enhance precision for indoor and open air maps. eeGeo’s item is not really one of a kind with regards to 3D perceptions essentially. Be that as it may, in the business sector, their item has all the earmarks of being the most adaptable. It needs to be more than simply ‘Google or Apple’ and that is basically one reason why the fellow benefactors have delighted in business accomplishment by giving brands a chance to manufacture their own particular personality without any preparation.

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