Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a leading generative AI-powered 3D modeling technology company, has announced securing $50 million in funding over the past five years. The company, which has become a Certified 3D Model External Content Provider (ECP) for Amazon, is now positioned to accelerate the adoption of AI-driven 3D models across Amazon’s 10 million merchants and 350 million products.
Advancing AI-Driven 3D Models
Founded in 2018, Nextech3D.ai has made significant steps in augmented reality (AR) and artificial intelligence (AI). It focuses on transforming traditional product imagery into highly detailed, interactive 3D models. This technology allows online retailers, including Amazon, to present products in a more immersive and engaging format.
The company’s $50 million investment will drive further innovation, enhancing its AI models’ accuracy and efficiency. Streamlining the creation process, Nextech3D.ai aims to make 3D modeling more accessible to businesses of all sizes, reducing the need for costly traditional photography and enhancing the ease of product presentation.
“This investment is a big step forward for us,” explains Evan Gappelberg, CEO of Nextech3D.ai. “It shows that people believe in what we’re doing and see the potential for our technology to change how people shop online. With the $50 million, we’ll be able to make our AI even better, helping us create 3D models more accurately and efficiently. We aim to make this technology affordable and easy for more businesses.”
Transforming the Online Experience Across Industries
Nextech3D.ai is crucial in reshaping the online shopping experience. Utilizing 3D models instead of traditional 2D photos, businesses can offer consumers a more comprehensive view of their products, allowing shoppers to interact with and explore items from multiple angles. This process improves customer engagement and boosts conversion rates by providing a more tangible representation of products.
One of Nextech3D.ai’s standout features is its virtual try-on tool, which allows consumers to visualize how products like clothing and accessories will look on them before making a purchase. This interactive capability gives customers greater confidence in their buying decisions, reducing the likelihood of returns and enhancing overall satisfaction.
“Working with big companies like Amazon has helped us show how useful our technology can be,” Gappelberg notes. “We want to help more businesses use this technology to improve what they do.”
Future Growth and Innovation
In 2024, Nextech3D.ai created over 100,000 3D models, indicating the growing demand for its solutions. As online shopping continues to evolve, the role of AI-driven 3D and AR technologies in enhancing customer experiences is expected to increase dramatically.
With the substantial funding now in place, Nextech3D.ai is committed to expanding its global footprint and refining its technology further. The company’s leadership remains focused on its clients having access to the most advanced tools in the market, helping them stay competitive in the digital terrain.
“We’re constantly adapting to the latest trends and innovations,” Gappelberg says. “As the online world evolves, we aim to keep our clients at the forefront of these changes, offering them the best solutions for success.”
Nextech3D.ai’s long-term strategy is centered around pushing the boundaries of 3D modeling and augmented reality technology. Customers who have adopted the company’s tools report that the ability to view products in great detail before making a purchase leads to more informed decisions and greater satisfaction. This feedback reinforces the company’s belief in the transformative potential of its platform.
“We’re just starting to tap into what our technology can do,” Gappelberg observes. “There’s so much potential for 3D and AR to improve everyday experiences. At Nextech3D.ai, we’re dedicated to finding new ways to make a positive impact.”