SpAItial raises $13 million to develop AI-powered 3D design tools
On May 27, SpAItial announced it carried out a funding round led by the Earlybird Venture Capital investment fund, and also backed by SpeedInvest and a group of 'prominent' business angels.
'We are focused on improving our models' core capabilities, developing the technical foundations to support a scalable deployment, and expanding our team with exceptional talent in AI, graphics, and 3D systems,' said SpAItial.
The market for the design of 3D environments and objects is being closely monitored by various sectors, like the product manufacturing industry, and real estate, where AI tools are used to visualise projects.
Marketing and media specialists are interested too, with many companies increasing their investments in ad campaign generation tools. Not to mention the videogame sector, keen to use AI to generate scenery.
Several notable players have already emerged in this domain, like US company World Labs, valued at more than $1 billion, and its compatriot Odyssey, which raised $27 million at the end of 2024.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Network
3 hours ago
- Fashion Network
Deckers sales surge on strong Hoka, Ugg brand growth
Deckers Brands announced on Thursday first-quarter sales increased 16.9% to $964.5 million, with the American footwear company logging double-digit sales growth at its Hoka and Ugg brands, respectively. Hoka brand sales surged 19.8% to $653.1 million, almost outpaced by Ugg brand sales, which rose 18.9% to $265.1 million. However, the Goleta, California-based company's other brands sales plunged 19% to $46.3 million for the three months ending June 30. By region, domestic sales dipped 2.8% to $501.3 million, offset by a 49.7% gain in international sales to $463.3 million. Net income for the quarter rose to $139.2 million, up from $115.6 million in the prior-year quarter. 'Hoka and Ugg outperformed our first quarter expectations, with robust growth delivering solid results to begin fiscal year 2026,' said Stefano Caroti, president and chief executive officer, Deckers Brands. 'Though uncertainty remains elevated in the global trade environment, our confidence in our brands has not changed, and the long-term opportunities ahead are significant. We will lean on the fundamental strengths of our powerful operating model as we continue executing our strategy.' Looking ahead, the company second-quarter sales are expected to be in the range of $1.38 billion to $1.42 billion.
Fashion Network
4 hours ago
- Fashion Network
Deckers sales surge on strong Hoka, Ugg brand growth
Deckers Brands announced on Thursday first-quarter sales increased 16.9% to $964.5 million, with the American footwear company logging double-digit sales growth at its Hoka and Ugg brands, respectively. Hoka brand sales surged 19.8% to $653.1 million, almost outpaced by Ugg brand sales, which rose 18.9% to $265.1 million. However, the Goleta, California-based company's other brands sales plunged 19% to $46.3 million for the three months ending June 30. By region, domestic sales dipped 2.8% to $501.3 million, offset by a 49.7% gain in international sales to $463.3 million. Net income for the quarter rose to $139.2 million, up from $115.6 million in the prior-year quarter. 'Hoka and Ugg outperformed our first quarter expectations, with robust growth delivering solid results to begin fiscal year 2026,' said Stefano Caroti, president and chief executive officer, Deckers Brands. 'Though uncertainty remains elevated in the global trade environment, our confidence in our brands has not changed, and the long-term opportunities ahead are significant. We will lean on the fundamental strengths of our powerful operating model as we continue executing our strategy.' Looking ahead, the company second-quarter sales are expected to be in the range of $1.38 billion to $1.42 billion.
Fashion Network
4 hours ago
- Fashion Network
Deckers sales surge on strong Hoka, Ugg brand growth
Deckers Brands announced on Thursday first-quarter sales increased 16.9% to $964.5 million, with the American footwear company logging double-digit sales growth at its Hoka and Ugg brands, respectively. Hoka brand sales surged 19.8% to $653.1 million, almost outpaced by Ugg brand sales, which rose 18.9% to $265.1 million. However, the Goleta, California-based company's other brands sales plunged 19% to $46.3 million for the three months ending June 30. By region, domestic sales dipped 2.8% to $501.3 million, offset by a 49.7% gain in international sales to $463.3 million. Net income for the quarter rose to $139.2 million, up from $115.6 million in the prior-year quarter. 'Hoka and Ugg outperformed our first quarter expectations, with robust growth delivering solid results to begin fiscal year 2026,' said Stefano Caroti, president and chief executive officer, Deckers Brands. 'Though uncertainty remains elevated in the global trade environment, our confidence in our brands has not changed, and the long-term opportunities ahead are significant. We will lean on the fundamental strengths of our powerful operating model as we continue executing our strategy.' Looking ahead, the company second-quarter sales are expected to be in the range of $1.38 billion to $1.42 billion.
