3i Inc., an industry-leading immersive experience company specializing in metaverse technology, artificial intelligence, augmented and virtual reality, and a member of Born2global Centre, completed an investment of nearly $24M (₩28B Won). The round included $20M from new financial and strategic investors and $4M from existing investors.
SV Investment led the round, with other participants including Korean Development Bank, LB Investment, DS Asset, YG Investment, Intops Investment, Enlight Ventures, NBH Capital, and Korea Asset Investment Securities.
Founded in 2017, 3i has 34 technology patents and includes two brands: Pivo and Beamo. Pivo is a platform business sitting at the intersection of hardware, software, and content focused on empowering everyday creators around the world with its Pivo Pod, a portable AI-powered smart pod, and suite of mobile apps that extend the capabilities of any smartphone and simplify rich content creation.
Beamo is an enterprise-grade digital twin solution for mission-critical businesses and sites. Beamo creates a dynamic digital twin that allows enterprises to conduct remote inspections, maintain equipment remotely, collaborate with remote teams and provide the most immersive navigation of mission-critical assets.
"3i is a company which is growing dramatically in B2B digital twin solutions using AI and AR/VR technologies and B2C video content creation platform", said Joo-wan Jeong, Director at SV Investment. He added, "I made this investment because I believe 3i will be able to grow into the only global player that possesses both technology and content in the integrated metaverse".
3i plans to use the funds raised to develop new products and expand its metaverse platform business. Additionally, 3i plans to invest significantly in scaling out the company with multiple open roles in recruiting, marketing, customer success, design and engineering, as well as key investments in the 3i brand experience in the market over the next year.
Ken Kim, CEO of 3i said, "The metaverse is the next-generation platform, where soon, all media flows are expected to move. Our products and solutions help enterprises and content creators leap onto the metaverse much more easily, seamlessly, and quickly than ever before, changing the way the physical world interacts with the digital world".
3i Inc., a member company of the Born2Global Centre, is collaborating with major global partners to introduce a new paradigm for facility management. In 2019, 3i Inc. partook in NTT Communications Open Innovation Program and won First prize for Best collaboration project. The program was followed by a successful PoC with NTT Communications. In 2020, 3i Inc. is joining the ranks of the cohort program launched by SAP.iO Foundry Tokyo, an acceleration program hosted by SAP, the world's largest ERP software company.
Keeping business continuity in facility management
3i Inc. is a US startup that developed a new solution 3i INSITE, a next-generation platform for facility management using XR and AI-powered technologies. 3i INSITE digitizes indoor space in 3D to assist on-site survey, remote inspections and field operations as well as facilitate remote team collaboration.
For instance, 3i Inc. proposes major industrial players to implement disruptive solutions for remote collaboration such as 3i INSITE. Indeed, by using 3i INSITE, facility managers are able to bridge the gap between off-site and on-site teams. Without interrupting work or delaying field surveys, inspections can be done remotely by navigating the building 3D indoor view.
Focused on documentation and collaboration, 3i INSITE is a tool to gather field data, structure documentation and share projects, from anywhere in the world, with anybody.
A revolutionary solution to manage your facilities and collaborate remotely
3i INSITE App: The dedicated app quickly captures indoor space, creating a digital twin of your facilities to enable cost reduction for on-site surveys.
3i INSITE Web: Collect information on a centralized platform and enable visual collaboration between team members.
3i INSITE solves problems in the facility management area by collecting, archiving, and visualizing spatial data.
SURVEY & UPKEEP
Quick & DIY
Recently, 3i Inc. won the first prize "NTT COMMUNICATIONS OPEN INNOVATION PROGRAM'' for best Collaboration Project. Also, to scale its solution to the need of major industrial players in Japan, 3i Inc. has been selected as a partner of the SAP Japan's acceleration program "SAP.iO Foundry Tokyo" for the first half of the 2020.
"We are excited to take part in the next SAP cohort program that is going to take place in Tokyo over the next months. 3i Inc. welcomes the opportunity to learn greatly from the business know-how that SAP has cultivated over the years. We believe that our solution brings a solution to modern challenges that our society is facing right now, such as social distancing due to coronavirus, but also declining workforce and transitioning from individual data overload to collective intelligence," said Ken Kim, CEO of 3i Inc.