Vection acquires CAD VR solution developer Mindesk

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Mindesk enables users to design a CAD project from scratch in VR, removing the need for time consuming exportation, as well as switch from VR to desktop seamlessly, while editing the project in real-time on either platform

Quick read

➨ Mindesk joined Vive X, HTC Vive’s global VR and AR accelerator, in 2017, and secured $900,000 in seed funding two years later
➨ HTC Vive will join Vection Technologies as an institutional shareholder to support the combined group
➨ ‘The integration of Vection’s FrameS and Mindesk real-time core technology is the starting point towards a new generation of SaaS tools that will cover design enterprise’s needs 360°’

The story

Australia-listed industrial software company Vection Technologies has acquired Vive X graduate Mindesk, the developer of a CAD VR solution.

Terms of the acquisition were not disclosed. Mindesk joined Vive X, HTC Vive’s global VR and AR accelerator, in 2017, and secured $900,000 in seed funding two years later.

Barcamper Ventures, A11 Venture, Invitalia Ventures and HTC Vive provided the initial funding. Following the acquisition, HTC Vive will join Vection Technologies as an institutional shareholder to support the combined group.

San Francisco-headquartered Mindesk was chosen along with more than 30 companies to join Vive X. Since then, Mindesk moved its headquarters to San Francisco and continued to develop VR software in Italy and the US.

Mindesk’s real-time 3D design platform integrates with existing commercial CAD software, including McNeel Rhinoceros 6 and Grasshopper, Dassault SolidWorks 2018 and 2019, and Epic Games Unreal Engine Editor, to extend their operations to VR, AR, real-time rendering and multi-user collaboration.

Mindesk enables users to design a CAD project from scratch in VR, removing the need for time consuming exportation, as well as switch from VR to desktop seamlessly, while editing the project in real-time on either platform.

Pearly Chen, vice president of business development at HTC, said of Vive X’s support for Mindesk: “We are grateful to have had the opportunity to back Mindesk since their early days and share the team’s excitement about the possibilities this acquisition could unleash for Vection Technologies and their customers globally.”

“We are firm believers of the many positive ways virtual reality will transform how we work, collaborate, and connect with one another. It is great to see validation of Mindesk’s vision of accelerating productivity with real-time technologies and we look forward to supporting their joined journey onwards as a new shareholder of Vection Technologies.”

Integration potential

Commenting on the acquisition, Gianmarco Biagi, managing director of Vection Technologies, said: “The acquisition of Mindesk represents a milestone acceleration in the evolution of Vection’s CAD strategy to make design projects significantly more accessible to both technical and non-professionals.”

“Together, Vection and Mindesk bring significant client access represented by global companies such as Lamborghini, Ferretti Yachts and Volvo Italy with best-in-class technology partnerships including Dassault SolidWorks, McNeel, Autodesk, Epic Games, HP, Logitech and Varjo.”

Denis O’Keeffe, director of the VR/AR programme at Logitech, welcomed the upcoming integration of Logitech VR Ink, a first-generation VR stylus for enterprise, and Mindesk’s platform.

He said: “Logitech VR Ink now works with Mindesk, and we are super excited to have Mindesk as a Logitech partner. Mindesk and VR Ink create a powerful combination where you can edit and create, for Rhino and Solidworks, content with precision and control directly within VR.”

Gabriele Sorrento, chief executive officer of Mindesk, continued: “We are thrilled to join forces with Vection Technologies. The integration of Vection’s FrameS and Mindesk real-time core technology is the starting point towards a new generation of SaaS tools that will cover design enterprise’s needs 360°.”

“We believe that the combination of Vection’s capillary distribution network and Mindesk’s worldwide partner network is the logical step to sling both businesses to the next level.”

Image: Vection Technologies