Norwegian tech innovator Sloyd has recently announced the closing of a €3 million seed funding round, backed by a host of prestigious investors. Among them are SPEEDRUN, the gaming accelerator from a16z GAMES, Antler, Skyfall Ventures, with additional participation from FreshFund, AceCap, Hartmann Capital, and several notable angel investors. A strategic investment from Autodesk, a titan in 3D design, underscores the significance of this funding milestone.
Launched in 2021, Sloyd has rapidly emerged as a leader in the 3D content creation sphere. Its proprietary technology empowers developers to swiftly produce, modify, and deploy 3D assets with exceptional speed and precision. These ‘game quality’ models, which boast a pristine topology, are crafted through the power of AI in real time.
Andreas Edesberg, co-founder of Sloyd, expressed his gratitude by stating, We are honored to be recognized by the foremost authority in 3D software and creative technologies. The backing of globally respected VC firms and global technology leaders such as Autodesk is invaluable as we endeavor to develop AI solutions tailored to the needs of professionals in 3D, enhancing their workflows.
The company’s innovative use of AI-driven prompts, parametric models, and instantaneous world generation is revolutionizing 3D creation for industries such as gaming, film and television production, and architectural visualization. Not only does Sloyd’s solution expedite the creative process for industry professionals, it also enables gamers to craft 3D models within games and extended reality experiences without delay. Major gaming enterprises are already utilizing Sloyd’s groundbreaking platform.
The 3D modeling sector is expanding rapidly, with creators eagerly embracing cutting-edge technologies. This enthusiasm is evidenced by the over 250,000 user signups to Sloyd’s platform. Projections indicate that the 3D mapping and modeling market could swell to a staggering $32 billion value over the next decade.
Addressing potential intellectual property concerns common in AI-powered design tools, Sloyd has implemented a solution that relies solely on self-generated data. This ensures that user-generated 3D models are free from third-party data infringement, offering peace of mind to the industry.
The roots of Sloyd trace back to the meeting of founders Andreas Edesberg and Avi Latner at an Antler residency in Oslo during 2021. Together, they now spearhead a formidable team of 13 specialists in gaming, AI, and 3D modeling. Edesberg brings a wealth of experience in innovation strategy from his tenure at Deloitte Digital, while Latner has a rich background leading product development across various fast-growing startups in the USA and Israel.
Emphasizing the company’s bright prospects, Kristian Jul Røsjø, Partner at Antler, commented, Sloyd is harnessing AI to transform 3D creation for creators around the world. This is a fast growth industry that is attracting significant levels of investment and innovation. Sloyd have firmly positioned themselves as pioneers in this space and the investment is testament to their ambition and potential. We are delighted to have supported Andreas and Avi from day zero and have every confidence in their future success.
