Total amount raised
$85 Millions
Latest funding date
07/01/2021
Location
Physna has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform specializes in 3D geometric deep learning, offering advanced solutions for various industries.
Keep reading to explore the intricacies of Physna's fundraising journey and the investors backing this innovative platform.
What Is Physna?
Physna is a pioneering company in the field of 3D geometric deep learning. The platform offers advanced solutions that cater to various industries, leveraging cutting-edge technology to transform how 3D data is utilized.
Founded with a vision to innovate, Physna has grown to become a significant player in its domain. The company continues to attract attention and investment, underscoring its potential and impact in the tech landscape.
How Much Funding Has Physna Raised?
- Seed Round
- Amount Raised: $2.1M
- Date: December 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Physna's 3D geometric deep learning technology.
- Series A
- Amount Raised: $6.9M
- Date: July 2019
- Lead Investors: Drive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's technological capabilities and market reach.
- Series B
- Amount Raised: $20M
- Date: January 2021
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop Physna's deep learning-based geometric search engine, Thangs.
- Series B (Additional)
- Amount Raised: $56M
- Date: July 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale and develop Physna's geometric deep-learning platform and enhance Thangs.
Total Amount Raised: $85M
Current Valuation: Not publicly disclosed
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading global investment firm that focuses on private and public companies in the technology sector. They have a strong track record of investing in high-growth companies worldwide.
- Investment Focus Areas: Technology, software, consumer, industrial sectors.
- Notable Investments: Facebook, LinkedIn, Spotify.
- GV (formerly Google Ventures)
- Details: GV is the venture capital arm of Alphabet Inc., investing in various sectors including technology, life sciences, and consumer products. They support innovative startups with funding and resources.
- Investment Focus Areas: Life sciences, healthcare, artificial intelligence, robotics, transportation, cyber security.
- Notable Investments: Uber, Nest, Slack.
- Sequoia Capital
- Details: Sequoia Capital is a prominent venture capital firm that invests in early and growth-stage companies across various sectors. They have a history of backing some of the most successful tech companies.
- Investment Focus Areas: Technology, healthcare, consumer, financial sectors.
- Notable Investments: Apple, Google, Oracle.
What's Next for Physna?
Physna stands at the cusp of significant growth, driven by the expansion of its Thangs platform and the introduction of new features like Instant AR. With over 250,000 members and more than 2.5 million 3D models, the platform is poised to become a standard in 3D search and spatial computing. The potential for further technological advancements and market expansion is immense, attracting continued interest from investors.
Future fundraising opportunities are likely, given the rapid growth and recent substantial investments. These funds could be directed towards enhancing the platform's capabilities and scaling its user base. However, Physna may face challenges such as competition from other companies and the need to maintain the scalability and reliability of its platform. Balancing rapid growth with quality control will be crucial as the company navigates the evolving landscape of 3D modeling and augmented reality.
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