Deemos Technologies Secures Tens of Millions in Series A Funding
Deemos Technologies Inc, a Shanghai-based 3D modeling company, has recently completed a significant round of funding. The company, which was founded in 2020 by Wu Di, Zhang Qixuan, Zhang Longwen, and Zeng Chuxiao, has secured tens of millions of dollars in Series A financing. This funding round was led by DragonBall Capital and ByteDance, with participation from existing shareholders Sequoia China Seed Fund and Miracle Plus. Lighthouse Capital served as the exclusive financial advisor for this transaction.
The funds raised will be utilized by Deemos to further advance the frontier exploration of 3D large models and to promote the commercialization of its Hyper3D series products globally, with a focus on Rodin, a core product for generating 3D large models. Rodin has shown remarkable success, achieving an annual recurring revenue (ARR) of $1 million just 45 days after its launch and experiencing rapid growth since then.
Deemos has established deep cooperation with globally renowned clients across various industries, including gaming, e-commerce, embodied intelligence, spatial computing, 3D printing, and film & television. Notable clients include Amazon, ByteDance, Unity, and Bambu Lab, with whom Deemos has secured millions of B2B commercial orders.
The company, incubated at ShanghaiTech University, has a young and dynamic team with an average age of 24 years old. This recent funding round underscores the potential and growth prospects of Deemos in the 3D modeling and metaverse sectors.
Deemos’ focus on 3D large models and its Hyper3D series products aligns with the increasing demand for advanced 3D technologies in various industries. The company’s ability to secure significant funding and collaborate with major clients highlights its innovative approach and the value it brings to the market.
The success of Rodin, with its rapid ARR growth, demonstrates the market’s appetite for Deemos’ products and services. This funding will enable Deemos to expand its research and development efforts, enhance its product offerings, and strengthen its position in the global market.
The participation of prominent investors such as DragonBall Capital and ByteDance in this funding round underscores the confidence in Deemos’ potential for growth and its role in shaping the future of 3D modeling and metaverse technologies. With this new funding, Deemos is poised to make significant strides in advancing its technologies and expanding its global footprint.
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