July 23, 2015 | By Simon
With the goal of “Making the World's Content 3D Printable”, South Carolina-based ZVerse have set a lofty goal for themselves in a world that is becoming increasingly interested in 3D technologies. But if recent business developments are any indication, they're on the right path towards doing so.
Since 2013, the company has been a leading developer of 3D content creation applications for a number of companies ranging from Fortune 500 companies to small businesses looking for custom full color 3D printing experiences that leverage their brand’s message. Currently, this includes licenses with over 36 collegiate organizations, including the University of Notre Dame and University of Oregon, to produce full color 3D printed sports memorabilia. Additionally, the company owns the largest library of officially licensed 3D printable content for the sports industry as a whole worldwide.
Today, the company has announced that they are entering a strategic partnership and commercial agreement with 3D Systems in an effort to help advance their applications and market opportunities for full color 3D printing.
Among other things outlined in the partnership, ZVerse and 3D Systems will co-develop ZVerse's patent pending post processing technology for producing high gloss and moisture resistant full color 3D printed products. Additionally, both companies will collaborate on further developing and marketing 3D Systems’ Photobooth technology using ZVerse's existing licensed content and distribution channels.
"We are pleased to partner with ZVerse, combining our technology and engineering expertise with their deep experience in application development and content creation to advance full color 3D printing," said Rajeev Kulkarni, Chief Product Officer, 3D Systems. "We are excited to leverage their process know-how and expansive distribution network to expand content and coverage for our Photobooth technology."
In addition to the announcement of their partnership with 3D Systems, ZVerse has also announced that it they have closed on a $3.5 million Series A funding round from Mosley Ventures, Capital A Partners and strategic investors.
"The ZVerse software platform is core to unlocking 2D image content for 3D printing. We believe ZVerse is uniquely positioned to help solve 3D printing's content problem as the 3D printing market trends towards exponential growth," says Wei-Chun Tai, an investor.
The extra funding will be used to help continue to grow the company's leadership position in full color 3D printing applications for licensed content of major brands and to commercialize ZVerse's proprietary B2B 3D content creation platform, LAYR. LAYR was designed to enable both small and large organizations alike to take advantage of the benefits of 3D printing and, as a result, helps expand the reach of 3D printing into new markets.
"The strategic relationship with 3D Systems and the completion of our Series A funding gives ZVerse the resources and expertise to continue our leadership position in the full color 3D printed content arena," said John Carrington, Co-Founder & CEO, ZVerse. "Additionally, we are seeing strong inbound demand for our underlying 3D content creation and management platform for 3D printing, LAYR. We look forward to exploring this opportunity as well as our direct-to-consumer model with major brands.
Posted in 3D Printing Applications
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