Connect with us

Technology

3D Cloud by Marxent Raises $7.5 Million in Series D to Fast-Track Design Automation with AI

Published

on

Following several years of strong growth and exceptional customer retention, the company is expediting plans to serve independent interior designers and pros.

ST. PETERSBURG, Fla., May 4, 2023 /PRNewswire/ — 3D Cloud by Marxent, the 3D product experience platform for furniture and home improvement retailers, announced today that it has raised $7.5 million in a Series D round of funding. The round was led by Tampa-based entrepreneur and board member Arnie Bellini with additional investment from Lee Arnold, Executive Chair of Colliers International Florida and a long-time investor in the company. 

 

3D Cloud by Marxent has plans to open the 3D Cloud platform directly to independent interior designers and pros with innovations like artificial intelligence-powered design automation, LiDAR room scanning integration, and self-service.

“With the Series D funding, we’ll be able to fast-track the development of our AI and design automation capabilities,” said Beck Besecker, CEO and co-founder of 3D Cloud by Marxent. “Interior and outdoor design professionals are looking for modern, browser-based, and collaborative solutions and will love designing with 3D Cloud applications. Our goal is to create easy-to-use tools that cater to the needs of homeowners, store associates, and design professionals alike. AI is the key to achieving this vision.”

3D Cloud by Marxent has already reached critical mass, with a number of high-profile enterprise retailers and brands using the 3D Cloud platform to power 3D commerce experiences. The company’s platform enables furniture, kitchen, bath, and decking retailers and manufacturers to create immersive 3D product configuration, 3D room planning, and other 3D product experiences that drive conversion and capture operational cost savings.

“The company has exceptional leadership, a massive product catalog, top brands and retailers, and a compelling vision for bringing this tech to new audiences,” said Arnie Bellini, Tampa-based investor, and 3D Cloud by Marxent board member.  “3D Cloud by Marxent’s solutions drive both top-line growth and bottom-line savings for retailers regardless of economic conditions.  I’m excited to continue to support the team and their vision,” Bellini added.

UBS Global Wealth Management forecasts that the AI hardware and services market will hit $90 billion by 2025. As the retail industry continues to adapt to changing consumer preferences, AI will play an increasingly important role in driving retail growth and innovation.  

“AI will drastically simplify aspects of the design process for independent design pros and enterprise retailers alike,” said Lee Arnold, Executive Chair of Colliers International Florida and a long-time investor in 3D Cloud by Marxent. “3D commerce combined with AI is clearly the next frontier in furniture and home improvement retail, and 3D Cloud by Marxent is at the forefront,” Arnold said.

This Series D funding round increases the company’s valuation to over $135 million.

About 3D Cloud™ by Marxent

3D Cloud™ by Marxent is the 3D product experience platform and global leader in 3D e-commerce for furniture, kitchen, bath, outdoor, office furniture, closets, and storage. The 3D Cloud platform is a B2B SaaS that allows retailers and brands to build endless applications from a single 3D product catalog. With 3D Cloud, 3D content is created, managed, and published to all 3D applications from a single source of truth for consistency across every touchpoint in the customer journey. Applications that run on 3D Cloud include 3D Product Configurators, 3D Sectional Configurator, 3D Room Planner with Design from Photo, 360 Product Spins, 3D Renders, WebAR, Augmented Reality retail apps, and Virtual Reality retail apps. 3D Cloud by Marxent has offices in Miamisburg, Ohio; St. Petersburg, Florida; London, England; and Auckland, New Zealand. Clients include a major U.S.-based home improvement retailer, Kingfisher plc, PlaceMakers, Mico, Kinsman, Macy’s, Ashley, HNI Corporation, La-Z-Boy, Joybird, and John Lewis and Partners.  The company is backed by Dan Gilbert and Arnie Bellini.  For more information, visit 3dcloud.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/3d-cloud-by-marxent-raises-7-5-million-in-series-d-to-fast-track-design-automation-with-ai-301816143.html

SOURCE 3D Cloud by Marxent

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Changhong Spotlights AI Innovations at CES 2025, Asserting Global Leadership in Intelligent Technologies

Published

on

By

LAS VEGAS, Jan. 9, 2025 /PRNewswire/ — Changhong is thrilled to join CES 2025 in Las Vegas on January 7-10, showcasing an array of Al-enabled products, including smart TVs, refrigerators, air conditioners, a washer-dryer pair, and comprehensive smart home solutions. These innovations demonstrate the company’s commitment to merging cutting-edge technology with enhanced lifestyle features, highlighting its robust technical expertise and dedication to expanding its international presence.

Changhong Introduces Next-Generation Smart Home Appliances

At the exhibition, Changhong’s AI TV models, featuring the innovative Canghai Intelligent Agent, drew significant attention for their advanced interactivity, superior search functionality, and personalized services. The AI refrigerators impressed the visitors with their ability to reduce noise levels based on user proximity as well as to maintain optimal freshness and prevent frost build-up. The air conditioners equipped with AI-driven temperature and humidity controls ensure optimal comfort while reducing energy usage by up to 40%. Changhong’s Ozone Supreme Care Washer & Dryer Pair utilizes cutting-edge washing and drying technologies to ensure top-tier performance.

The company’s smart home system, customized to individual family needs, integrates proactive services, energy efficiency, security, privacy, and AI capabilities. This innovative solution enables families to achieve up to 20% in annual energy savings.

On January 8, during a concurrent event, Changhong’s premium brand CHiQ was awarded the prestigious “Global Smart Home Brands Top 10” by International Data Group (IDG), further cementing Changhong’s leadership in the global consumer electronics sector.

Accelerated International Expansion: Changhong Thrives in the World of Winter Sports

Changhong has embraced the growing popularity of winter sports, with its premium brand CHiQ partnering since 2023 with the International Ski Federation (FIS) Ski Jumping World Cup and the Deutscher Skiverband e.V. (DSV). In November 2024, Changhong announced its sponsorship of the FIS Snowboard and Freeski Big Air World Cup, reinforcing its vibrant and international brand image.

In June 2024, World Brand Lab valued the Changhong brand at 236.876 billion yuan (approx. USD 32.5 billion) in its list of China’s 500 Most Valuable Brands. Changhong ranked 53rd in Asia’s 500 Most Valuable Brands in September, and 283rd in the World’s 500 Most Valuable Brands in December.

Changhong’s leadership is deeply committed to advancing its technological foundation and continuously pushing the boundaries of innovation. The company aims to further enhance the global consumer experience by providing even more convenient, comfortable, and intelligent lifestyle solutions.

Photo – https://mma.prnewswire.com/media/2594487/1.jpg

View original content:https://www.prnewswire.co.uk/news-releases/changhong-spotlights-ai-innovations-at-ces-2025-asserting-global-leadership-in-intelligent-technologies-302346874.html

Continue Reading

Technology

Minati Mohapatra Cycling Velodrome Inaugurated at KIIT-KISS Campus by Union Minister Mansukh Mandaviya

Published

on

By

BHUBANESWAR, India, Jan. 9, 2025 /PRNewswire/ — The Minati Mohapatra Cycling Velodrome was inaugurated today at the KIIT-KISS campus by the Union Minister of Youth Affairs and Sports, Mansukh Mandaviya. The velodrome is named in honor of Minati Mohapatra – Odisha’s first Arjuna Awardee in cycling.

Inaugurating the Velodrome, the Union Minister reflected on the significance of the occasion. “Today is an important day for me,” he said, what I witnessed aligns with the dream of Prime Minister Narendra Modi – a nation where education and sports go hand in hand.”

Quoting Acharya Chanakya, the minister emphasized the importance of education in shaping a nation’s future. “I am satisfied that the country’s future is in the capable hands of educationists like Dr. Samanta. KIIT, KISS, and KIMS are nurturing students who will grow into responsible citizens. Wherever I go, I will share the best practices I observed here,” Mandaviya added.

Dr Samanta, Founder of KIIT (https://kiit.ac.in/), KISS (https://kiss.ac.in/), and KIMS (https://kims.kiit.ac.in/), expressed his gratitude for the minister’s visit and highlighted plans to double the sports infrastructure at KIIT and KISS in the coming years. “With the minister’s blessings, we aim to expand our facilities further and provide more opportunities for budding athletes,” he remarked.

Maninder Pal Singh, Secretary General of the Cycling Federation of India, lauded the minister’s passion for sports. “The minister is a cycling enthusiast himself, and his contribution to promoting sports across the country is remarkable,” he said.

Minati Mohapatra, visibly moved by the honour, expressed her gratitude. “I am speechless. People say Dr. Samanta is like a god to us. This is the greatest honor of my life,” she said.

KIIT Vice Chancellor Prof. Saranjit Singh highlighted the minister’s achievements during his tenure as Union Health Minister, and KISS Vice Chancellor Prof. Deepak Kumar Behera delivered the vote of thanks.

https://www.facebook.com/share/v/1AnQaQYZTn/

https://x.com/achyuta_samanta/status/1877011676085584240?t=6xAws1Tqjcoscx2vTR5LEw&s=08

Photo: https://mma.prnewswire.com/media/2594540/KIIT_Inauguration.jpg
Logo: https://mma.prnewswire.com/media/2234144/4867564/KIIT_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/minati-mohapatra-cycling-velodrome-inaugurated-at-kiit-kiss-campus-by-union-minister-mansukh-mandaviya-302346876.html

Continue Reading

Technology

CHiQ Named Among the Global Smart Home Brands Top 10

Published

on

By

LAS VEGAS, Jan. 9, 2025 /PRNewswire/ — On January 8th, at a concurrent event during the CES 2025 in Las Vegas, CHiQ was honored as one of the Global Smart Home Brands Top 10 by International Data Group (IDG). This accolade highlights CHiQ’s outstanding performance in the smart home sector.

James Wu, General Manager of CHiQ International Brand Business Center said, “Being named one of the ‘Global Smart Home Brands Top 10’ is a significant acknowledgment of CHiQ’s international market standing. Looking ahead, CHiQ remains committed to delivering high-quality products and services globally.”

At CES, CHiQ showcased a range of AI-driven products, featuring its first AI TV and the 100-inch CHiQ AI Wallpaper TV, both offering personalized services via the advanced CHiQ Canghai Intelligent Agent. It also introduced an AI refrigerator that reduces noise and defrost issues, and an AI air conditioner that enhances comfort while cutting energy use by 40%. Additionally, the CHiQ Ozone Supreme Care Washer & Dryer Pair offers efficient washing and instant drying with advanced care features. The CHiQ Smart Home System integrates proactive service, energy efficiency, enhanced security, and AI technology, enabling users to save up to 20% on energy bills.

Since entering the international market in 2017, CHiQ has embodied the slogan “Smart with Style” in 2023, showcasing its dedication to innovative, stylish products. Now present in over 40 countries, CHiQ offers a diverse range, including TVs, refrigerators, air conditioners, and washing machines.

CHiQ has energized its brand through strategic partnerships with renowned athletes like Olympic skiing champion Andreas Wellinger and through sponsoring high-profile international sports events. The brand’s participation in the FIS Ski World Cup events and sponsorships of regional sports teams and events including Australia’s St. George Illawarra Dragons, South Korea’s Daegu FC, and the Terra Wortmann Open, have significantly boosted its global visibility. These initiatives have elevated CHiQ’s global presence and strengthened consumer engagement.

In 2024, CHiQ experienced remarkable growth, with European sales up over 30%. Australia saw a 40% increase, and Indonesia an impressive 55%. Meanwhile, Malaysia, Thailand, the Philippines, Latin America, and the Middle East, all reported significant revenue growth.

Looking to the future, CHiQ will continue to prioritize innovation, leveraging its exceptional products and services to deepen global consumer connections. The brand aims to usher in a new era of smart homes and set new benchmarks for smart living.

View original content to download multimedia:https://www.prnewswire.com/news-releases/chiq-named-among-the-global-smart-home-brands-top-10-302346878.html

SOURCE CHiQ

Continue Reading

Trending