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Prevu3D Raises $10 Million in a Funding Round Led by Cycle Capital

Prevu3D happened to have been successful in securing a loan amount of $10 million through a Series A round. This was duly led by Cycle Capital. It also brought in some of the previous investors of the entity, such as Brightspark Ventures and Desjardins Capital. 

Prevu3D, a developer of 3D digital twin technology, provides enterprises with access to the industrial metaverse. According to the company’s stated goals, the investment would be used to expedite the advancement of the business’s 3D digital twin technology in terms of industrial settings.

The technology at the disposal of Prevu3D allows organizations to build digital replicas of their work environments. This, in turn, makes it possible for them to work on and make improvements where remote collaborations are concerned. Companies will be able to reduce their carbon footprints and reduce human errors that have an unintended negative impact on the environment with the help of this technology.

(By Roxanne Williams)

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