Seoul-based 3i, an immersive experience startup focusing on metaverse tech, AI, and AR/VR, raises ~$24M Series A led by SV Investment

US$24M is raised by 3i as part of its Series A funding round. SV Investments leads a 24-million series A round of funding for 3I, a Seoul-based startup that focuses on metaverse technology, AI, and AR/VR.

The company, which specializes in metaverse technology, artificial intelligence, augmented and virtual reality, was raised enough money to raise its Series A round of funding which was nearly $24 million ($28 billion won).

 metaverse technology, artificial intelligence, augmented and virtual reality
metaverse technology, artificial intelligence, augmented and virtual reality

Several new financial and strategic investors participated in the round of financing, and four existing investors contributed $4 million. In addition to SV Investment, Korea Asset Investment Securities, Korean Development Bank, LB Investment, DS Asset, YG Investment, Intops Investment, Enlight Ventures, NBH Capital and Korean Asset Investment Securities participated in this round of funding..

A significant portion of the proceeds will be used by the company for the development of new products, the expansion of its metaverse platform business, and the scale out of multiple open positions in recruitment, marketing, customer success, design and engineering. Additionally, over the next year, the company intends to invest heavily in its brand experience in the market.

Founded in 2017, and led by Ken Kim, its CEO, 3i has 34 patents in the area of technology, and has two brands to its name: 

The Pivo platform, a technology company that sits at the intersection of hardware, software, and content, strives to empower creators around the globe through its Pivo Pod, a portable AI-powered smart pod that extends the capabilities of any smartphone and simplifies the creation of rich content. The Pivo Pod is a portable smart pod powered by AI that can extend the capabilities of any smartphone. 

Introducing Beamo, a digital twin solution for enterprise-grade operations, sites, and businesses with mission-critical needs. By creating a dynamic digital twin of a mission-critical asset, Beamo creates a capability that enables enterprises to perform remote inspections, maintain equipment remotely, collaborate with remote teams, and provide the most immersive navigation experience possible of mission-critical assets globally. 

Leave a Comment