INC42, July 11, 2018
Noida-based virtual reality startup SmartVizX has raised $1.45 Mn (INR 10 Cr) in a pre-Series A funding round led by YourNest Venture Capital with participation of the Indian Angel Network’s IAN fund.
Talking to Inc42, Gautam Tiwari, co-founder of SmartVizX confirmed the development and explained that the funds will be used for scaling up the product team and building additional capabilities to the product, along with international expansion.
Founded in January 2015 by husband-wife duo of Gautam Tewari and Tithi Tewari, SmartVizX provides virtualisation with the interactive virtual environment based on ‘immersive technology’ for business applications and helps facilitate consumer buying behaviour and decision making.
After raising $500K from IAN in 2016, with the latest fundraising, the company also announced the launch of its first virtual reality product— Trezi, which it said is India’s first Virtual Reality-based platform for architecture and interior design collaboration.
Gautam told Inc42 that with the new product customers can now walk through architecture models. The product aims to revolutionise the architecture-engineering-construction (AEC) industry.
Once a 3D model is passed through Trezi, it is created in a virtual environment which can then be accessed through a VR headset. With Trezi, architects, designers, contractors, real-estate developers, prospective buyers and tenants will experience the project’s design at full scale using its visualization, spatial awareness, interactivity with design elements and data management features.