Deemos has completed a new round of tens of millions of dollars in Series A financing, with DragonBall Capital and ByteDance as the lead investors, and existing shareholders Sequoia China Seed Fund and Miracle Plus participating. Lighthouse Capital acted as the exclusive financial advisor.
This financing will be used by Deemos to further advance the frontier exploration of 3D large models, while promoting the commercialization of Hyper3D series products globally with Rodin at its core for generating 3D large models.
45 days after Rodin’s launch, it achieved an annual recurring revenue (ARR) of 1 million US dollars, and has been growing rapidly. In addition, Deemos has established deep cooperation with globally renowned clients such as Amazon, ByteDance, Unity, and Bambu Lab, having secured millions of B2B commercial orders to date across various industries including gaming, e-commerce, embodied intelligence, spatial computing, 3D printing, and film & television.
Deemos was incubated at ShanghaiTech University and founded by Wu Di, Zhang Qixuan , Zhang Longwen , Zeng Chuxiao in 2020 with an average team age of 24 years old.
SEE ALSO: Metaverse Startup Deemos Launches ChatAvatar Powered by Generative AI
Sign up today for 5 free articles monthly!
