# LoomAi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loomai

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.loomai.com
- Total disclosed funding: $5.8M
- Latest round: Seed (May 3, 2018)
- Investors on record: 7

## About

LoomAi, Inc. is a technology company specializing in the creation of real-time 3D avatars, enabling users to express themselves in virtual environments through innovative facial recognition technology.Founded in 2015 in San Francisco, US, LoomAi, Inc. develops advanced 3D avatar technology for digital platforms. The company's founders include Joe Thomas and others, who have experience in technology development. In December 2020, LoomAi was acquired by Roblox Corporation, a move that reflects a strategic pivot towards broader market integration. The company has engaged in 5 deals to date, with its latest funding round being a Seed round led by Samsung Venture Investment, raising a total of USD 3.00 mn.Loom.ai focuses on developing real-time 3D avatars that allow users to create expressive and personalized digital representations. These avatars are designed for integration into live video and interactive 3D applications, particularly in the gaming and entertainment sectors. By utilizing sophisticated facial recognition technology, Loom.ai’s avatars facilitate authentic emotional expression, enhancing social interactions for a diverse clientele that includes gaming firms and enterprise solutions across North America, Europe, and parts of Asia.Loom.ai operates a business-to-business (B2B) revenue model, primarily through licensing agreements with gaming and entertainment companies. Clients can integrate Loom.ai's avatar technology into their platforms, enhancing user engagement. Revenue also arises from collaborative partnerships for customized avatar solutions, structured to cater to various scales from startups to large enterprises, though specific pricing details are not publicly available.Moving forward, LoomAi plans to leverage its recent acquisition by Roblox Corporation to enhance its product offerings and expand its market presence. The company is currently designing new products aimed at improving avatar capabilities for interactive experiences. With the USD 3.00 mn raised in its recent Seed round, LoomAi intends to invest in the development of its technology and explore opportunities in new geographic markets. This strategic focus aims to establish a stronger foothold in the gaming industry and beyond, enhancing user engagement through innovative avatar solutions.

## Funding rounds

- Seed, May 3, 2018, $3M — Samsung Venture Investment
- Seed, Aug 1, 2017, $1.5M — DHVC, Dentsu Ventures, GFR Fund
- Seed, Jun 1, 2016, $1.4M — Y Combinator, DHVC, Presence Capital, Anorak Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- DHVC (https://capitalatlas.ai/funds/dhvc) — Seed
- Presence Capital (https://capitalatlas.ai/funds/presence-capital) — Seed
- Anorak Ventures (https://capitalatlas.ai/funds/anorak-ventures) — Seed
- Dentsu Ventures (https://capitalatlas.ai/funds/dentsu-ventures) — Seed
- GFR Fund (https://capitalatlas.ai/funds/gfr-fund) — Seed
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Seed