Torch 3D, a Portland, Oregon-based provider of an augmented and virtual reality prototyping platform, raised $3.5m in seed funding.
The round was led by the Venture Reality Fund and Silicon Valley Data Capital with participation from Seven Peaks Ventures, GVR Fund, Presence Capital, Antipodean Ventures, Jerome Capital and TWB Investment Partnership.
The company intends to use the funds to finalize its beta efforts and expand operations.
Founded in January 2017 by Paul Reynolds, Josh Faust, and Antony Falco, Torch 3D is building a design platform to empower designers to quickly iterate and collaborate on spatial 3D concepts in augmented and virtual reality (AR/VR) for applications in such industries as experiential brand marketing, medical, consumer product packaging, retail, feature film production, real estate, industrial training, and others.
FinSMEs
17/10/2017