Bengaluru based computer vision startup Avataar raises $45M in Series B

This financing brings the total funds raised by the firm to about $55.5 million across all funding rounds.

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Published 2022-10-01T05:30:00.000+05:30Updated 2022-10-01T05:30:00.000+05:30

Key takeaways

Avataar has raised $45 million in Series B funding, totalling approximately $55.5 million across all funding rounds.
The startup, founded in 2014, focuses on AI and augmented reality for e-commerce marketplaces and direct-to-consumer brands.
Avataar's SuperNova platform enhances product visualisation by converting 2D images into interactive life-size 3D avatars.
The platform supports various categories including furniture, electronics, and fashion, offering seamless integration for user experiences.
Avataar positions itself as a key player in the emerging Web 3.0 and metaverse landscapes.

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Avataar.me, an AI and computer vision platform focused on spatial visual discovery, announced a $45 million Series B funding by Tiger Global and existing investor Sequoia Capital India.

India-based Avataar, an AI and augmented reality startup, was established in 2014 and provides e-commerce marketplaces and direct-to-consumer brands with a platform called SuperNova, which brings products to life using 3D product evaluation.

Avataar’s proprietary platform acts as an ‘Inside Engine’ powering multiple user experience shifts to interactive life-size Web 3.0, also known as the metaverse.

Avataar’s backend SuperNova platform seamlessly ingests existing 2D product images/videos across categories like furniture, electronics, large appliances, fashion and offers a plug and play front-end integration for consumer visualisation of life-size 3D avatars of products at scale.