Nextech AR Acquires Threedy to Develop 3D Content Creation Engines
Elena Rahman — June 23, 2021 — Tech
References: nextechar & ca.proactiveinvestors
Nextech AR Solutions Corp. is a large contributor to the augmented reality (AR) space. The company recently acquired Silicon Valley-based Threedy.ai Inc, an artificial intelligence (AI) company specializing in 3D modeling for e-commerce companies. The agreement is expected to finalize on June 25th, 2021.
The goal of the acquisition is to create net new revenue opportunities that scale with the global adoption of AR. Moreover, Nextech and Threedy plan to develop a unified, scalable 3D content creating engine. This will be used for all AR solutions. A combination of Nextech's leading AR platform with Threedy's disruptive AI technology will revolutionize the AR world.
Nextech CEO explains that with the company's "integrated platform powered by AI, users can quickly transform 2D objects into AR-enabled 3D."
Image Credit: Shutterstock
The goal of the acquisition is to create net new revenue opportunities that scale with the global adoption of AR. Moreover, Nextech and Threedy plan to develop a unified, scalable 3D content creating engine. This will be used for all AR solutions. A combination of Nextech's leading AR platform with Threedy's disruptive AI technology will revolutionize the AR world.
Nextech CEO explains that with the company's "integrated platform powered by AI, users can quickly transform 2D objects into AR-enabled 3D."
Image Credit: Shutterstock
Trend Themes
1. Unified 3D Content Creation Engine - Nextech AR and Threedy plan to develop a unified, scalable 3D content creating engine utilizing Threedy's 3D modeling AI technology.
2. AI-powered AR Platform - Nextech's integrated AR platform powered by AI provides users with the ability to transform 2D objects into AR-enabled 3D.
3. Global AR Adoption - The acquisition of Threedy by Nextech aims to create revenue opportunities that scale with the global adoption of AR technology.
Industry Implications
1. E-commerce - Threedy's 3D modeling AI technology has a disruptive innovation opportunity in the e-commerce industry for creating engaging customer experiences.
2. AR Technology - With the acquisition of Threedy, Nextech has the opportunity to integrate and scale their leading AR platform with disruptive AI-powered 3D content creation technology.
3. Artificial Intelligence - Threedy's AI technology for 3D modeling has potential to disrupt the artificial intelligence industry for expanding capabilities to create AR-enabled 3D content.
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