What is Ovad?
Founded in 2014 by industry veteran Davo Scheich, Ovad operates at the intersection of automotive retail and digital media production. The company provides a comprehensive suite of hardware and professional services designed to simplify the creation of 360-degree spins, 3D models, and high-resolution imagery. Their technology stack is engineered for one-touch operation, allowing users to generate professional-grade assets in under ten seconds. This capability is particularly vital for pre-owned automotive dealers looking to enhance their digital storefronts and entertainment productions requiring precise digital twins of vehicles for virtual reality and motion picture applications. By bridging the gap between traditional photography and automated digital imaging, Ovad has established itself as a critical infrastructure provider for visual content in the modern digital economy.
How much funding has Ovad raised?
Ovad has raised a total of $765K across 1 funding round:
Debt
$765K
Debt (2025): $765K with participation from PNC
Key Investors in Ovad
PNC
A diversified financial services organization providing a wide range of banking and capital solutions to support corporate growth and strategic initiatives.
What's next for Ovad?
With this major enterprise-level funding, Ovad is poised to scale its operations and refine its automated imaging technologies. The strategic focus will likely center on enhancing the integration of its camera arrays with existing dealership management systems and expanding its service offerings for the entertainment sector. As the demand for immersive digital experiences grows, Ovad's ability to provide rapid, high-quality 3D assets will be a key differentiator. The company is expected to leverage this financing to bolster its R&D efforts, potentially introducing new AI-driven features to its imaging software that further reduce the manual labor required for post-production. By maintaining its focus on efficiency and visual fidelity, Ovad is set to solidify its market leadership in the automotive imaging space.
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