Sequoia Leads $20M Series B in Physna, an Ohio-Based Geometric Deep-Learning Startup
Physna, the geometric deep-learning and 3D search solutions company, today announced it raised $20M in Series B funding. The round was led by Sequoia Capital with participation from Drive Capital, which led Physna’s Series A round in 2019. The funds will be used to grow the team and increase development to meet Physna’s growing demand. Sequoia partner Shaun Maguire joins the board of directors with the latest round. The current round brings the company’s total funding to $29 million.
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From the products we use to the hardware that powers software, the world economy is dependent on physical goods. Despite that, 3D search has remained an unsolved problem—to date, there has been no simple and efficient way to search using the actual 3D model of a physical part, such as a CAD model or a 3D scan.
This is especially true when that part is a component of something larger, such as matching a screw to an assembly. This challenge has vexed companies for years within virtually every industry and results in costly and time-consuming challenges everywhere from engineering and industrial design to procurement, and parts identification.
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Physna was founded in 2016 on the principle that computers can be taught to ‘think’ in 3D, and accurately describe the physical world around us. Using complex mathematical analyses and advanced geometric deep learning technology, Physna codifies 3D models into detailed data that is understandable by software applications. This ground-breaking approach enables an entirely new era of software. Physna allows designers, engineers, supply chain professionals and field workers to quickly find new 3D models by searching with predefined 3D objects, partial models, geometric measurements or actual model data.
In addition to Physna’s enterprise solution, the company powers a free search engine for consumers called Thangs.com. Thangs is an easy to use search tool for physical object and 3D model search, allowing users to search with models directly rather than relying on text. Thangs provides the world’s first global geometric search and smart automated collaboration tool. Since launching in August of 2020, hundreds of thousands of people have used Thangs to improve their workflow in everything from product design to 3D printing, with AR/VR model compatibility soon to follow.
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