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Riiico Secures $1.5 Million To Advance Ai-Powered Digital Twins In Manufacturing

Feb 07, 2023almost 3 years ago

Amount Raised

$1.5 Million

Round Type

seed

San FranciscoSoftware

Investors

Earlybird Venture Capital

Description

When you think about the metaverse, your first thought is probably gaming, but technologies like AI, 3D imagery, and data analytics profoundly impact the rapid industrial transformation underway in the manufacturing, supply chain, and automotive sectors

Company Information

Company

RIIICO

Location

San Francisco, California, United States

About

RIIICO is pioneering the synchronisation of physical factories with their digital counterparts. Our technology complements digital twin systems such as Siemens Tecnomatix and NVIDIA Omniverse with accurate and fine-grained 3D reality data generated by deep learning on spatial data. This way, we support leading manufacturers in addressing today's disruptive manufacturing challenges.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers