Physna raised $20 mn for AI that analyzes and digitizes 3D objects
Physna, a startup developing an AI-powered 3D modeling platform for industrial engineering, raised $20 mn from Maguire and Sequoia, alongside Drive Capital, the Columbus, Mark Kvamme and Chris Olsen. The company says the funds will be used to grow its team and increase development as new customers sign on.
The company originally aimed to protect product designs from intellectual property theft. But in 2016, the company pivoted, aiming to bridge the gap between the physical and digital world with deep learning technologies that codify 3D models into data understandable by software.
Moreover, Physna also provides a search engine called Thangs, which offers a search tool for physical object search (including assemblies) and shows how individual parts fit together. Physna claims that since launching in August 2020, hundreds of thousands of people have used Thangs to search with models directly rather than relying on text.