Vive X software startup Mindesk has netted $900,000 in funding to help develop its computer-aided design (CAD) virtual reality solution.
The startup secured the seed funding from HTC Vive, Barcamper Ventures, A11 Venture and Invitalia Ventures.
San Francisco-headquartered Mindesk was chosen along with more than 30 companies to join Vive X, HTC Vive’s global VR and augmented reality (AR) accelerator, in 2017.
Since then, Mindesk has moved its headquarters to San Francisco and will continue to develop VR software in Italy and the US.
“We’re excited to see the success and progress Mindesk has made since graduating from the second batch of Vive X companies,” said Marc Metis, vice president of HTC Vive.
“Vive sees virtual reality having a tremendous impact on the architecture, engineering and construction industry and we will continue to invest in companies like Mindesk who are pushing the industry forward.”
Mindesk, a startup founded in 2015 in Bari, Italy, created a platform for real-time CAD collaboration, enabling multiple users to review, create and edit three-dimensional (3D) CAD models immersed in VR.
The startup has already published its solution for modelling tools McNeel Rhinoceros and Grasshopper, and will soon will publish one for Dassault SolidWorks.
Sergio Buonanno, chief executive officer of Invitalia Ventures, added: “We are proud of the Italian excellence exhibited by Mindesk. HTC’s investment is evidence of the quality team behind Mindesk and their ability to shape the future of the global VR industry.”
Vive X conducted an interview with Gabriele Sorrento, CEO and co-founder of Mindesk, following the funding announcement.
Sorrento told Vive X that his startup serves designers who are “tired of spending hours exporting their CAD model to third parties’ game engines”.
“We made it possible to jump right in VR in just a click with no model preparation or export involved,” he said.
Sorrento went on to say: “We’re excited to be active in the VR B2B software market. VR can be a game-changing productivity solution for many companies while the enterprise is proving to be some of the earliest adopters of new technologies.”