Norway's Sloyd Secures €3M for 3D Game Design
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Loading... - Caroline Ibsen
- 25 Jul 2024
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Norwegian startup Sloyd has successfully raised €3M in a seed round to further develop its innovative 3D game design software. This funding round, led by prominent investors including a16z, Antler, Skyfall, and a strategic investment from Autodesk, marks a significant milestone in the rapidly growing 3D modeling industry, which is projected to reach a global value of $32 billion within the next decade.
Key Investors
The seed round saw participation from notable investors:
- a16z
- Antler
- Skyfall
- Autodesk (strategic investment)
- FreshFund
- AceCap
- Hartmann Capital
- High-profile angel investors
Autodesk's involvement is particularly noteworthy, given its status as a global leader in 3D design and make technology. This strategic investment underscores the potential Sloyd holds in revolutionizing 3D modeling.
Sloyd stands out by enabling creators to design, customize, and implement 3D assets with ease. Its software creates 'game quality' models with clean topology powered by AI in real-time, offering a seamless blend of AI-driven prompting, parametric models, and real-time world generation.
Sloyd’s platform is not only beneficial for game developers but also professionals in TV/movie production and architectural visualization. Its unique solution promises to speed up creation times for professionals and allow gamers to create 3D models within games and XR experiences instantly.
The 3D modeling industry is one of the fastest-growing sectors, with creators quickly adopting new technologies. The market is expected to grow to a global value of $32 billion in the next ten years, driven by advancements in AI and 3D modeling software like Sloyd.
A common concern in the design space is the challenge of intellectual property (IP) rights when using AI solutions. Sloyd addresses this by ensuring that generated and customized models do not infringe on any third-party data, providing a safe and reliable platform for creators.
Sloyd was co-founded by Andreas Edesberg and Avi Latner, who met during an Antler residency in Oslo in 2021. They now lead a global team of 13 experts in gaming, AI, and 3D modeling, driving the company’s vision forward.
Kristian Jul Røsjø, Partner at Antler, commented on Sloyd's innovative approach: "Sloyd is harnessing AI to transform 3D creation for creators around the world. This is a fast-growing industry that is attracting significant levels of investment and innovation. Sloyd has firmly positioned itself as pioneers in this space, and the investment is testament to their ambition and potential."
Sloyd's recent funding success highlights its pivotal role in the future of 3D modeling and game design. With strong backing from industry leaders and venture capital firms, Sloyd is poised to revolutionize the way creators design and implement 3D assets, ensuring faster, more efficient workflows and high-quality results. As the 3D modeling industry continues to expand, Sloyd's innovative approach and strategic partnerships position it at the forefront of this dynamic field.
