Jul 25 2015
ZVerse, leading developers of 3D content creation applications for full color 3D printing, today announced a strategic partnership and commercial agreement with 3D Systems to advance applications and market opportunities for full color 3D printing.
As part of the agreement, ZVerse and 3D Systems will co-develop ZVerse's patent pending post processing technology for producing high gloss and moisture resistant full color 3D printed products. In addition, the companies will collaborate on development and marketing of 3D Systems' Photobooth technology using ZVerse's licensed content and distribution channels.
"We are pleased to partner with ZVerse, combining our technology and engineering expertise with their deep experience in application development and content creation to advance full color 3D printing," said Rajeev Kulkarni, Chief Product Officer, 3D Systems. "We are excited to leverage their process know-how and expansive distribution network to expand content and coverage for our Photobooth technology."
In addition to the partnership, ZVerse announced that it has closed on a $3.5 million Series A funding round from Mosley Ventures, Capital A Partners and strategic investors. Top regional entrepreneurial angel investors in earlier rounds, Walter Alessandrini and Scot Wingo, participated in the Series A round, also. Wei-Chun Tai, of Mosley Ventures, joins the ZVerse board.
The funding will be used to grow the company's leadership position in full color 3D printing applications for licensed content of major brands and to commercialize ZVerse's proprietary B2B 3D content creation platform, LAYR.
"The ZVerse software platform is core to unlocking 2D image content for 3D printing. We believe ZVerse is uniquely positioned to help solve 3D printing's content problem as the 3D printing market trends towards exponential growth," says Wei-Chun Tai.
LAYR enables any business to take advantage of the benefits of 3D printing and, as a result, helps expand the reach of 3D printing into new markets.
"The strategic relationship with 3D Systems and the completion of our Series A funding gives ZVerse the resources and expertise to continue our leadership position in the full color 3D printed content arena," said John Carrington, Co-Founder & CEO, ZVerse. "Additionally, we are seeing strong inbound demand for our underlying 3D content creation and management platform for 3D printing, LAYR. We look forward to exploring this opportunity as well as our direct-to-consumer model with major brands."
Source: http://zverse.com/