Tokyo sees complete model worth $13m

Fyusion, a startup developing surround-view 3D digital scan technology, has raised $13m in its series B.

The round was led by New Enterprise Associates and University of Tokyo Edge Capital, the investment arm of the eponymous institution. Both previously participated in Fyusion’s series A last year alongside a number of individuals in a round worth $3.4m.

Fyusion’s mobile app Fyuse allows users to produce photos that go beyond traditional 2D stills, and allowing to explore multiple angles within a single shot.

Radu Rusu, CEO and co-founder of Fyusion, said: “Photography hasn’t seen any fundamental advancements since the 1980s when photographs were first digitised. We are helping build the next generation of the web by introducing a new approach for capturing and storing visual data, allowing the user to have a 3D view of any scene, person or product. There are endless applications for our technology and rapidly increasing adoption in the fashion and consumer goods industries. This investment provides Fyusion with resources to continue to develop our user experience to drive further adoption of our product.”