Artificial intelligence startup Fyusion closed $22 million in Series B financing. Seven investors contributed to the round, among them New Enterprise Associates, Presence Capital, 2020 Ventures, NTT DOCOMO Ventures, Colopl VR Fund, and Gionee.
The company’s core technology – which is covered by over 50 patents – allows users to create immersive, interactive 3D images called “fyuses” by moving any camera around a person, object, or scene. Viewable on web, mobile, VR, AR and mixed-reality platforms, users can interact with 3D images in up to 360-degree surround view by tilting or swiping their screen to create a file size similar to a high-quality JPEG.
Fyusion will use this financing to expand in three focus verticals: mobile OEM, automotive imaging, and ecommerce imaging.