SmartVizX raises Rs. 10 cr pre-series A funding led by IAN Fund, YourNest Venture Capital

Indian startup SmartVizX on Wednesday announced securing funds worth Rs. 10 crore in pre-series A funding from Indian Angel Network's IAN Fund and YourNest for its next phase of global expansion.

"SmartVizX is the first Indian company to offer a VR platform which will revolutionize the architecture-engineering-construction (AEC) industry," said co-founder and MD SmartVizX, Tithi Tewari.

He added that leveraging the deep understanding of the AEC Industry and VR, the company has created an extremely customer-centric product which architects and designers can introduce into their workflow and create efficiencies while dealing with customers and building product suppliers.

"This fund-raise will enable us to scale-up and help Trezi foray into global markets," added Tewari.

"Conceptualized and created by architects with over 40 years of accumulated experience, SmartVizX aims to provide smart and holistic solution for customers. IAN spotted this potential early on and decided to support the company and its innovations," said co-founder of IAN and lead investor in SmartVizX, Mohit Goyal.

"We believe that SmartVizX has the potential of becoming a global leader in providing a wide-range of immersive and interactive VR solutions for the architecture, engineering and construction industry. We are excited to support them in this quest," said Managing Partner of IAN Fund, Amitabh Shrivastav.

"SmartVizX and their new product Trezi is uniquely positioned for Virtual Reality to change the way architects and engineers conceptualize and design. Our customers interactions make us believe that Trezi will quickly become an integral part of the building industry," said Director and Fund Manager, YourNest Venture Capital, Sunil Goyal.