Startup Torch3D raises $3.5 million for VR and AR prototyping platform

Portland based startup Torch3D has raised $3.5 million for their VR and AR prototyping platform which allows for designers to create 3D concepts and iterate on them without any previous game or software development knowledge.

The funds will be used to complete the company’s beta offering for public release, and to hire more individuals to expand the team of 5.

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Torch3D was founded by CEO Paul Reynolds and Josh Faust, previously of Magic Leap. “We saw an opportunity to help people work in a 3D format, which is a little more complicated. We feel like we are filling a void. Speed is one of the biggest benefits.” said Reynolds in an interview with VentureBeat.

The company is currently accepting requests for their early access beta program, with hopes to expand the platform to the public in early 2018. Reynolds has also expressed interest in having the platform make waves in retail, where store designers need to know the layout of a space before moving items around physically.