Nextech AR Solutions Acquires Threedy.ai
May 14, 2021
Nextech AR Solutions Corp. agreed to acquire Silicon Valley–based Threedy.ai, Inc., an AI-powered 3D model creation company, in an all-stock transaction valued at US$9.5 million. The deal (signed via an LOI in May 2021 and closed in June 2021) brings Threedy's founders and AI/engineering team into Nextech to scale automated 3D model creation for e-commerce and AR use cases.
- Buyers
- Nextech AR Solutions Corp.
- Targets
- Threedy.ai, Inc.
- Sellers
- Threedy.ai stockholders
- Industry
- AI & Machine Learning
- Location
- California, United States
- Transaction Type
- Buyout
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