Deep tech startup DGG raises 4 million euros

The European VC IRIS is leading a financing round in which the deep-tech start-up DGG is raising 4 million euros for its real-time 3D technology. RapidCompact, an automated 3D visualization software, has already convinced well-known customers such as adidas, OTTO and Shopify.

Darmstadt - The deep-tech startup DGG (Darmstadt Graphics Group) has closed a financing round of 4 million euros for the development of its RapidCompact software. Led by the European VC IRIS, existing investors and business angels also invested in the Darmstadt-based company.

"We see great potential in the application of 3D content - in e-commerce and beyond. DGG makes the use of 3D simple and scalable and thus represents an essential building block for a successful 3D infrastructure.

Thorben Rothe, Partner and Head of Early Stage IRIS

DGG was created after eight years of research at the Fraunhofer IGD (Institute for Computer Graphics Research), where the founders Max Limper, Miguel Sousa, Julian-Alexander Neagu, Sebastian Wagner and Felix Limper met. They realized that although there were well-developed technologies for displaying 3D content, a manual and time-consuming process was still required to optimize this technically demanding content. The key problem was the lack of correctly formatted 3D content for real-time 3D and XR applications.

With their core product, RapidCompact software, the founders drastically simplify the optimization and processing of 3D models. Companies and platform partners can integrate the RapidCompact software and API into their backend infrastructure to deliver thousands of optimized 3D models for various real-time 3D and XR applications within hours.

RapidCompact actually works as easy as dragging and dropping videos onto YouTube. Our goal is to make 3D technology accessible to all retailers and product developers via an API.

Max Limper, DGG Co-Founder & CEO.

Well-known customers such as Adidas, Crate & Barrel, the OTTO Group, Shopify and Adobe have already shown interest in the technology. In the last two years alone, RapidCompact has created over two million optimized 3D models for these and other partners.

The financing round will help DGG to drive its growth and further develop its research and development activities, says Max Limper, co-founder and CEO of DGG. In addition, the team is already working on a new product that automatically converts "offline" CGI assets into real-time 3D formats. This innovation is due to be unveiled at the SIGGRAPH conference in Los Angeles in August and could overcome a hurdle to the wider adoption of 3D technology in retail.