Volumetric technology platform TetaVi closed its latest venture round having raised $20 million in funding. The investment will enable the company to further develop its video capture software that aims to make the production of metaverse-focused 3D content more efficient and accessible.
In addition, the Israeli-based company looks to use this funding to further expand throughout the U.S., opening specific locations in New York and Los Angeles. What sets TetaVi apart is its unique approach to VR and Metaverse content production.
TetaVi is on a "journey to democratize personalized immersive content creation for the Metaverse" says the company's CEO, Gilad Talmon. In doing so, the company looks to reduce the expensive equipment and studio space necessary for volumetric image capture by integrating an AI system capable of replacing certain analog devices.
Metaverse-Focused Startups
TetaVi Rasises $20 Million to Develop Accessible Computer Vision Tech
Trend Themes
1. Accessible Metaverse Creation Tools - TetaVi's video capture software is a step towards accessible and efficient Metaverse content production, offering opportunities for disruptive innovation in the creation tools industry.
2. AI-integrated Volumetric Technology - TetaVi's integration of an AI system for volumetric image capture offers opportunities for disruptive innovation in the computer vision technology industry.
3. Democratization of Immersive Content - TetaVi's goal to democratize personalized immersive content creation for the Metaverse creates opportunities for disruptive innovation in the content creation industry.
Industry Implications
1. Video Production and Editing - TetaVi's video capture software and goal to reduce the necessary equipment and studio space create opportunities for disruptive innovation in the video production and editing industry.
2. Computer Vision Technology - TetaVi's AI-integrated volumetric technology creates opportunities for disruptive innovation in the computer vision technology industry.
3. Virtual and Augmented Reality - TetaVi's mission to create accessible and efficient Metaverse content production creates opportunities for disruptive innovation in the virtual and augmented reality industry.