Sequoia Leads $20M Series B Funding in Physna
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Sequoia Leads $20M Series B Funding in Physna

Sequoia Leads $20M Series B Funding in Physna

On January 29, 2020, the geometric deep-learning and 3D search solutions company Physna 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.

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.

"Paul and the Physna team have developed a breakthrough platform that enables the intuitive search of 3D models for the first time," said Shaun Maguire, partner at Sequoia. "With the amount of 3D data in the world about to explode, Physna will be the way this data is organized and accessed—ultimately, becoming the GitHub for 3D models."

In addition to Physna's enterprise solution, the company powers a free search engine for consumers called 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 provide 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.

Thangs now support assembly files from virtually any platform, allowing users to upload massive assemblies alongside their sub-assemblies and components. Users can see how all the parts go together, and through Thangs' light version of Physna's core algorithms, see alternative ways to build the model. This latest update brings Physna one step closer to making 3D models accessible and useful to everyone—regardless of their background.

Customers relying on as well as Physna's enterprise software include the Department of Defense and a host of Fortune® 100 companies in the aerospace, automotive, manufacturing, medical and robotics industries, amongst others.

"Physna has enabled a quantum leap in technology by allowing software to truly understand physical 3D data. By merging the physical with the digital, we have unlocked massive and ever-growing opportunities in everything from geometric search to 3D machine learning and predictions," said Paul Powers, CEO, and founder of Physna. "Having both Sequoia and Drive endorse this next-generation of search and machine learning helps Physna empower even more technical innovations for our customers and the market as a whole."

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