Estonian startup Wolf3D raises $1.1 million
Wolf3D, a Tallinn-based startup, has raised around $1.1M in its latest funding round. The investment round includes support by Trind Ventures, Presto Ventures, Koha Capital, Spring Capital, and Contriber Ventures with participation from a few angels. Wolf3D has raised a total of $2.8M in funding over five rounds, Crunchbase reports.
Founded in 2014 by the CEO Timmu Tõke, Kaspar Tiri, CTO Rainer Selvet, and Haver Järveoja, Wolf3D is aimed to bring humanity into VR. They are building technology to create realistic avatars of people for VR and games. To date, Wolf3D has been working on 3D scanning people since 2014 and now they are working with many of the top 10 game and VR developers.
Wolf3D is making its technology available for small and mid-sized developers and providing the first selected companies their avatar creation solution for free. The software called Ready Player Me allows anyone to create a personal full-body avatar from a selfie that’s “transportable” between the games they are integrated with.
The company is planning to spend the proceeds on bringing selfie-based personal avatars to games and VR and to make their solution a link between many different virtual experiences, adding them together into one big virtual world.
Timmu Tõke, the founder and CEO of Wolf3D, said:
“Games have become social media platforms – most of what people do in games these days is socializing.”