CVCs piling in: Qualcom invests $4 million in Israeli 3D platform

.The Israeli startup’s platform for 3D/AR/VR provides tools and network infrastructure to help developers and companies quickly build and deploy 3D apps, games, and content

Israeli startup echo3D, which has developed a cloud platform to store and stream 3D, AR, and VR content, has secured an investment of $5.5 million led by Qualcomm Ventures, with participation from Remagine Ventures, Konvoy Ventures, and Space Capital LP. The announcement comes on the heels of Qualcomm Incorporated’s previously announced Snapdragon Metaverse Fund and a short 6-months after echo3D’s previous $4 million raise back in October 2021.

echo3D focuses on building tools and infrastructure to help developers create lighter and faster 3D games and apps. The cross-platform cloud solution stores, manages, and streams 3D content to mobile devices, browsers, game engineers, and smart camera devices. The company’s technology also converts, compresses, and optimizes 3D models, animations, and interactive content, and streams them to any smartphone, headset, or browser. Developers using echo3D have built cloud-connected games, AR advertisement campaigns, NFT marketplaces, and more.

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