Funding

Sloyd funding news – Oslo-based Sloyd Secures €3 Million in Seed Funding

Jun 6, 2024 | By Startup Rise EU

Sloyd, a pioneering 3D creation technology provider, secures €3 million in seed funding. Significant international investors, such as Antler, Skyfall Ventures, a16z GAMES' gaming accelerator, and SPEEDRUN, have taken part in the investment round.

Sloyd, a pioneering 3D creation technology provider, secures €3 million in seed funding. Significant international investors, such as Antler, Skyfall Ventures, a16z GAMES' gaming accelerator, and SPEEDRUN, have taken part in the investment round.

SUMMARY

  • Sloyd, a pioneering 3D creation technology provider, secures €3 million in seed funding.
  • It was formed in 2021 by Andreas Edesberg and Avi Latner.

FreshFund, AceCap, Hartmann Capital, and several well-known angel investors are among the other investors. One of the round's key investors was Autodesk, a world leader in 3D design and manufacturing technologies.

Andreas Edesberg, co-founder of Sloyd, commented: “We are honored to be recognized by the foremost authority in 3D software and creative technologies. The backing of globally respected VC firms and global technology leaders such as Autodesk is invaluable as we endeavor to develop AI solutions tailored to the needs of professionals in 3D, enhancing their workflows.”

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Professionals in TV/Movie production, architectural visualisation, and game developers may now create high-quality 3D content thanks to the platform's combination of AI-driven prompting, parametric models, and real-time world development.

With Sloyd's innovative method, professionals' creative times should be sped up, and gamers will be able to generate 3D in games and XR experiences instantly. Several of the biggest gaming firms in the world already use it.

Read also - M^0 funding news – Switzerland-based M^0 Secures $35Million in Series A Round Funding

With artists swiftly embracing new technologies, 3D modelling is one of the fastest-growing industries in the world—something Sloyd's over 250.000 user signups is a real tribute to. Over the next ten years, the market is projected to reach a global value of $32 billion.

When it comes to AI solutions in the design area, many people are worried about intellectual property issues. However, Sloyd has addressed this by only using data that they have themselves developed. Users may safely produce and customise 3D models that do not violate any third-party data when they prompt for one, which is reassuring for the industry as a whole.

Kristian Jul Røsjø, Partner at Antler, added: “Sloyd is harnessing AI to transform 3D creation for creators around the world. This is a fast growth industry that is attracting significant levels of investment and innovation. Sloyd have firmly positioned themselves as pioneers in this space and the investment is testament to their ambition and potential. We are delighted to have supported Andreas and Avi from day zero and have every confidence in their future success.”

About Sloyd

Sloyd is at the vanguard of cutting-edge 3D asset creation, empowering artists to quickly develop, customise, and execute 3D assets with unmatched ease and speed. Sloyd is led by Andreas Edesberg and Avi Latner. Sloyd uses AI to generate "game quality" models in real time with a clean topology.

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