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3rdFlix Visual Effects secures $5M funding led by Exfinity Ventures
ETtech
- Hyderabad-based educational technology startup 3rdFlix Visual Effects has raised $5 million in a pre-Series A round led by Exfinity Ventures.
- YourNest, IDFC Parampara and high net-worth individuals also participated in the funding round.
- The startup plans to use the capital to expand the 6-12th grade segment and launch immersive and experiential content later this year
Founders (L-R) Subbarao Siddabattula, Charu Noheria and Ilangovel Thulasimani
Hyderabad-based educational technology startup 3rdFlix Visual Effects has raised $5 million in a pre-Series A round led by Exfinity Ventures. YourNest, IDFC Parampara and high net-worth individuals also participated in the funding round.
The
company plans to use the capital to expand the 6-12th grade segment and
launch immersive and experiential content later this year. It also aims
to launch in international markets, including the United States,
Africa, UAE, and Southeast Asia, in the next 18 months.
“With
amazing advancements in spatial computing, combined with artificial
intelligence, we are looking at a new era of intelligent, interactive
and immersive content that will change the way we learn,†said Subbarao
Siddabattula, Founder and CEO of 3rdFlix.
The startup, founded in
2014 by Siddabattula, Ilangovel Thulasimani and Charu Noheria, uses VFX
and technologies such as machine learning, artificial intelligence,
augmented reality, virtual reality and mixed reality to create life-like
intelligent shared experiences for enhanced learning. It focuses on
interactive and experiential learning to increase retention and
engagement levels among students.
The animation and VFX segment
grew 18.7% in FY19, to reach Rs 87.7 billion, mostly driven by animation
content on OTT platforms and rising demand from non-entertainment
sectors such as education and healthcare.
The sector is expected
to grow at a compounded annual growth rate of 16% between FY19 and FY24
and reach Rs 184 billion, according to a report by KPMG.
Source: https://tech.economictimes.indiatimes.com/news/startups/3rdflix-visual-effects-secures-5m-funding-led-by-exfinity-ventures/70977294
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