A Cornish tech start-up has secured equity investment from GameTech Ventures and the Cornwall & Isles of Scilly Investment Fund (CIOSIF), managed by The FSE Group.
Founded in 2021 as part of the Falmouth Launchpad entrepreneur accelerator programme, Amutri has developed a technology that enables stakeholders of architectural and engineering projects to create and share 3D content.
The £500k funding will promote the growth of the business, supporting further product development, marketing, and sales.
Amutri founder, Michael Calver, said: “As a young and ambitious company, we recognise the importance of support in realising our goals. This investment will propel us forward in further developing our innovative products to lower the entry point to 3D Visualisation technology for many industries.
“We value GameTech Ventures’ and The FSE Group’s confidence in our vision and are thankful for their support at this early stage. We look forward to continued collaboration as we work towards achieving our growth plans.”
The 3D Visualisation industry is said to be worth around $23 billion and is expected to grow due to technological advancements and increasing demand across various industries. Real-time 3D visualisation is becoming more popular and could lead to greater adoption of the technology. Amutri’s solution removes time constraints and expands accessibility, ultimately increasing the addressable market.
Meg Salt, investment manager at The FSE Group, added: “Amutri is an exciting disruptor in 3D Visualisation. Their technology has garnered positive feedback from end users and has a large addressable market. The experienced team has already established a strong pipeline of international clients for whom Amutri is removing barriers to producing 3D experiences.
“The company is poised for rapid commercialisation and further functionality in 2024 and we are delighted to be working with them as they continue to grow.”
