Copresence, a provider of digital avatar generation software, has announced it has successfully secured more than USD $6 million in seed funding. This investment will fast-track the company’s ambitious growth plans and further the development of its innovative technology that facilitates the creation of photorealistic 3D avatars using just a smartphone.

The seed funding will be channeled towards expanding the copresence team, enhancing the platform’s capabilities, and strengthening business engagements across the globe. The focus will be to refine the copresence platform and app to ensure seamless avatar creation and integration across various digital platforms, fulfilling the growing demand for personalized digital interactions.

“This latest funding is a testament to the potential of the Copresence platform and underscores the innovative capabilities of our technology,” said Radek Mackowiak, CEO of Copresence. “With the backing of our incredible investors, we’re poised to expand our talented team and refine our leading 3D avatar creation platform. This investment will significantly accelerate our roadmap, further fueling our mission to bridge the physical and digital worlds through photorealistic avatars.”

With full compatibility across leading 3D engines such as Unity and Unreal Engine, the copresence platform empowers users and developers to effortlessly produce high-quality, 3D avatars in minutes. These avatars can then be utilized across gaming, virtual, augmented, and mixed reality (VR/AR/MR – collectively XR), and video conferencing to provide more authentic character representations and personalized experiences.

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Complete the Look, a personalization component, helps digital merchandising teams in the apparel and fashion industry curate product sets at scale. Powered by Monetate Dynamic Bundles, it combines merchandisers’ expertise with Monetate’s recommendation algorithms to automatically create product groups across entire catalogs. It leverages real-time data to ensure products are in stock and responsive to changes in seasonality.

“We work closely with customers to understand their key challenges and goals. Merchandisers in the apparel and fashion industry struggle with curating and promoting product bundles as the time and resources required is not scalable,” said Eric Rosado, Chief Product Officer of Monetate, in a statement. 

“The launch of Complete the Look resolves these issues, helping to bundle products and delight customers at scale, and further positions us as the personalization platform of choice for digital merchandisers.”

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