What is Kinemagic?
Founded in 2017, Kinemagic develops evolutionary software programs tailored for augmented reality (AR) and virtual reality (VR) experiences, primarily serving heavy industrial companies and Engineering, Procurement, and Construction (EPC) firms. Their technology enables clients to rapidly interpret complex CAD designs through immersive AR and VR platforms. Key features include multi-user, collaborative design reviews within digital twins, offering groundbreaking project insights. Kinemagic also provides training modules and facility experiences, responding to evolving customer needs. The company's automated service significantly reduces the time and cost associated with creating VR experiences, while also mitigating risks by identifying design flaws before construction commences.
How much funding has Kinemagic raised?
Kinemagic has raised a total of $429K across 2 funding rounds:
Debt
$150K
Debt
$279K
Debt (2020): $150K with participation from PPP
Debt (2021): $279K led by PPP
What's next for Kinemagic?
With its recent large-scale late-stage funding, Kinemagic is strategically positioned for accelerated growth and market penetration. This significant capital injection is expected to fuel further development of its AR/VR software solutions, enhance its digital twin capabilities, and expand its reach within the industrial sector. The company's focus on reducing design cycle times and costs for its clients, coupled with its innovative approach to collaborative design review, suggests a strong trajectory for future expansion and technological advancement in the industrial AR/VR landscape.
See full Kinemagic company page
