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Gravity Sketch, the London-based startup working to transform product design through virtual reality, just raised $3.7 million in a funding round backed by Kindred Capital.
Founded in 2014 by Oluwaseyi Sosanya, Daniela Paredes and Daniel Thomas, Gravity Sketch is disrupting the product design market – valued at around $7 billion by Grand View Research – with revolutionary VR technology.
“For years, product designers and engineers across myriad industries have been confined to technologies that aren’t fit for purpose to create and develop products for the physical world, with lengthy processes causing protracted product development cycles, unnecessary costs, and a host of design frustrations,” said Sosanya.
“We give design and engineering teams across the globe a way to create, collaborate, and communicate together in the same virtual space, and in real-time.”
As well as Kindred Capital, other backers include Point Nine Capital and Forward Partners. As part of the investment, Russell Buckley, who led the funding as partner at Kindred Capital, will be joining the Gravity Sketch board.
“The acceleration of remote working in the digital design and tech space over the years has resulted in more demand than ever before for remote collaboration in the digital 3D landscape,” he said.
“The company has huge potential and we’re delighted to support Oluwaseyi, Daniela and the team as they continue to grow Gravity Sketch.”