# PreVu3D

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/prevu3d

- Industry: Software
- Headquarters: Montreal, Canada
- Website: www.prevu3d.com
- Total disclosed funding: $12M
- Latest round: Series A (Feb 11, 2023)
- Investors on record: 4

## About

PreVu3D Inc. is a Canadian technology firm specializing in digital twin software solutions aimed at improving operational efficiency in engineering and manufacturing sectors.Founded in 2017 and headquartered in Montreal, Canada, PreVu3D Inc. provides advanced digital twin software solutions. The company has raised a total of USD 10.00 mn in funding, with the most recent Series A round occurring on February 11, 2023, led by Cycle Capital Management and participated in by Brightspark Ventures and Desjardins Capital. Nicolas Morency serves as both the CEO and founder of the company.PreVu3D's core offerings encompass a suite of advanced digital twin software solutions designed to enhance operational efficiency and facilitate seamless collaboration across engineering and manufacturing sectors. The flagship products include RealityPlatform™, a centralized cloud-based platform for managing and visualizing 3D reality capture data, and RealityPlan™, which transforms this data into actionable 3D assets to streamline design and CAD workflows. Furthermore, the RealityConnect™ suite provides native plugins that integrate with leading design and modeling software, allowing users to connect CAD/BIM data effectively. These tools are utilized primarily in asset-intensive industries such as manufacturing, oil and gas, automotive, and construction, with customers spanning North America, Europe, and parts of Asia. The end-users of PreVu3D's software solutions include engineers, operations managers, and facility management teams, all of whom leverage these tools to improve decision-making processes and optimize facility layouts.PreVu3D generates revenue through a subscription-based model for its software products, enabling clients to access and utilize their suite of digital twin solutions. Clients typically engage in direct partnerships to integrate PreVu3D's technology into their operations, which may involve deploying the RealityPlatform™ and associated tools as part of their engineering and manufacturing processes. These transactions can also extend to enterprise-level agreements that provide access to the full suite of features, including advanced 3D data visualization and collaboration capabilities. The company's primary revenue streams come from businesses in sectors like manufacturing, oil and gas, and automotive, which rely on PreVu3D's innovative solutions to enhance operational efficiencies. Specific pricing plans for the software offerings are structured to accommodate various client needs, though details on individual costs are not publicly disclosed.In February 2023, PreVu3D Inc. raised USD 10.00 mn in Series A funding to accelerate the development and deployment of its industrial digital twin software solution. The company plans to launch new products and expand its presence in international markets, with targeted efforts in Europe and Asia over the next two years.

## Funding rounds

- Series A, Feb 11, 2023, $10M — Brightspark Ventures, Cycle Capital Management, Desjardins Capital
- Seed, May 1, 2020, $1.8M — Brightspark Ventures, Desjardins Capital, Deepcore

## Investors

- Brightspark Ventures (https://capitalatlas.ai/funds/brightspark-ventures) — Seed, Series A
- Desjardins Capital (https://capitalatlas.ai/funds/desjardins-capital) — Seed, Series A
- Deepcore (https://capitalatlas.ai/funds/deepcore) — Seed
- Cycle Capital Management (https://capitalatlas.ai/funds/cycle-capital-management) — Series A