Umbra raises USD 3.4 million for developing new 3D standard
Software house Umbra closed its Series A round of financing with over three million US dollars. The investors include, for instance, London and Silicon Valley based Initial Capital, Inventure and Lifeline Ventures as well as private investors.
Umbra will use the raised capital to develop new technology for streaming and rendering any 3D content on any device in real time. The technology could be used for 3D scanning, architectural planning, construction engineering, digital maps and simulations. Umbra aims to create a new technical standard for displaying 3D content in various industries.
“We’re expanding our technology to enable storing, streaming and rendering of massive 3D data sets,” says the company CEO Otso Mäkinen. “We already have a functional prototype that will be first released on top of game engines such as Unity and Unreal. Our goal is to make 3D available for everyone in the future.”
Mäkinen also announced at their press conference on Thursday, that Umbra aims to be the world leader in storing all the available 3D data in the world.
Umbra’s 3D technology has been used in over 100 video game productions over the last 10 years. Its customers include globally famous game studios that have created games such as Call of Duty: Advanced Warfare, Batman Arkham Knight, The Witcher 3: Wild Hunt, Quantum Break and Destiny. In the future, Umbra will continue its development work with games alongside the other business lines.