Covision Media, an Italian startup specializing in transforming physical objects into reality-grade 3D digital twins, has raised €5 million in a seed funding round. The fresh capital was provided by the Artificial Intelligence Fund of CDP Venture Capital, Euregio+, and Redstone.
- Founded in 2020 by Burkhard Güssefeld and Franz Tschimben, Covision Media specializes in developing high-performance industrial 3D scanners that can quickly convert physical objects into reality-grade, relightable 3D digital twins.
- These advanced scanners capture intricate surface details and apply PBR (physically based rendering) textures, creating high-quality 3D assets that seamlessly integrate into virtual environments.
- The startup is trusted by leading brands such as Inditex Group, Meta, and Adidas, Covision Media's technology is capable of mass-producing tens of thousands of 3D assets annually for applications including virtual try-ons, 3D e-commerce, and 2D virtual product photography.
Details of the deal
- The investors in Covision Media's funding round include The AI Fund of CDP Venture Capital SGR, Berlin-based VC Redstone, Bolzano-based investment management firm Euregio Plus SGR S.p.A. / AG Alpine Venture Capital, and Milan-based The Techshop SGR.
- Several angel investors, including tba network, Prof. Daniel Cremers, Utsav Somani, Nathaniel Barling, Franco Fogliato, Antonio Carriero, and Emanuele Visconti, also joined the round.
- The fresh capital will enable Covision Media to accelerate the commercialization of its 3D scanning technology, develop new AI-powered tools, and expand the large-scale production of reality-grade 3D models.
- Additionally, the funding will support the advancement of generative AI models and broaden 3D content applications across various industries.
