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The first major project VIZERRA team made in St. Petersburg was visualization of Lenexpo – one of the main exhibition grounds in Russia. The interactive 3D application was made for the participants and organizers of the St. Petersburg International Economic Forum, which is a very significant event. The SPIEF Foundation became the customer for this project.
Continue reading "Visualization of The SPIEF Event In St. Petersburg" »
On this wonderful summer day, the whole VIZERRA team congratulates its chief mastermind and guardian angel - CEO Arman Gukasyan!
HAPPY BIRTHDAY!!!
Arman,
We, as your colleagues and associates, wish you never turn away from the planned course to success. We believe that our company will see prosperity, a worldwide acceptance and new victories under your wise guidance. We see your zeal and passion to succeed in business, and we seek the same goal with you, because "We believe in our future!"
July 15, 2011 | Meghan Kelly
Russian 3D software creator Vizerra raised $6 million last week in its first round of funding. The finances came primarily from venture firm Solway Investment Group, which focuses on Central and Eastern Europe investments.
Vizerra, which is part of 3DreamTeam Inc., creates photo-realistic, interactive 3D software, which is popularly used in architectural problem-solving and virtual tourism. For example, architects can take a project which has upwards of 600 computer aided design (CAD) drawings and compile them using Vizerra’s software to quickly create a 3D rendering. Vizerra prides itself on the time saved using their product.
“A scene which was made in [Vizerra competitor Revit] was rendered as 19 second video in five days,” said founder and chief executive Arman Gukasyan. “Our algorithm transferred the same scene, but into an interactive mode where you can navigate yourself, within minutes.”
Continue reading "Vizerra raises $6M to bring 3D innovation to the U.S." »
VIZERRA has just secured 4m euro first round funding, which will be used to help the company expand into the US market and develop its 3D, interactive, photo realistic, architectural and virtual tourism software platform and production studio.
The company was launched in March 2008 by its CEO and founder Arman Gukasyan and was funded by the business angel, Alexander Dobrovinsky, Senior Partner and founder of law firm Alexander Dobrovinsky and Partners and one of the most respected corporate lawyers in Moscow, Russia. Although the business has been in the software development stage then, the business has generated over a million Euros of revenue and hired 60 full time staff members.
The company’s head production office is in Skolkovo (Russian Silicon Valley area), Moscow Region, Russia, while Marketing and Business development departments are US-based (offices in Atlanta and California). VIZERRA also has its partners’ network in Brazil and Europe.
The 4m euro equity funding was provided by the Solway Investment Group in exchange for shares in the company valuing the startup at more than 16m euros. The Solway Investment Group projects a 3x time return on investment, although the Founder and the Angel Investor have an option of getting back the shares in case the Company meets the Business Targets within next two years. If that happens, the initial valuation of the Company will be 80m euros.
