3D Geometric Search Company Physna Raises $56 Million In Series B Funding

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Gulf
  • Date: 02-Jul-2021
  • Source: Forbes
  • Sector: Economy
  • Country: Gulf
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3D Geometric Search Company Physna Raises $56 Million In Series B Funding

Share to Linkedin Physna, which aims to bridge the gap between the physical and the digital world by codifying 3D models, announced Thursday that it has raised $56 million in a Series B funding round. The new funding was led by venture capital firm Tiger Global with participation of GV, the venture capital investment arm of Alphabet Inc., and Sequoia Capital. It brings Physna's total financing to $86 million, according to the company. The announcement comes just five months after Physna raised $20 million. Physna plans to use the capital to grow Physna Enterprise, its deep-learning platform and Thangs, its free geometric search engine which allows users to search, store, share and collaborate on 2. 5 million 3D models. "We're going to mainly be using the funding to expedite product development," CEO Paul Powers says. Paul Powers, the CEO of 3D intelligence platform Physna, cofounded the company with Glenn Warner in ... [+] 2016. Powers, a 30 Under 30 alum, founded Physna in 2016 after receiving a law degree from Heidelberg University. He had set out to create a software that could detect if someone's intellectual property had been stolen. "There are already algorithms for plagiarism prevention for things that

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