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Bangalore based product visualization technology startup, Dybo has raised $1.2 crore in series seed round funding.
The round was led by Singapore based VC firm Spanache in participation with Mr Manoj Nigam, CEO of MicroD Inc.
“The company aims to utilize a significant portion of the funding to refine Dybo360 and DyboAR, the flagship products by Dybo, making them even easier to adopt and integrate,” Dybo in its statement said.
“The remaining funds shall be used to expand their team and work on some of the upcoming out-of-the-box concepts that will help the company to elevate to the next level,” it added.
Speaking on the funding, Dhawal Jain, Founder at Dybo, said, “To be backed by Spanache, one of the most prestigious VC firms in the industry, is like getting a double thumbs-up for our idea. We are on the right course in our mission to challenge the status quo by developing gratifying experiences with visual technologies. We are very hopeful to snowball and expand our markets across geographies with our technological and design abilities.”
Commenting on the investment in Dybo, Siddharth Mehta of Spanache said, “We are super excited to join hands with Dybo, as we feel the founders have created a fantastic product/company that is globally scalable. Every design-focused product brand must utilize CGI and AR for commerce, and Dybo undoubtedly has the best platform for it.”
“Dybo’s easy-to-use technology easily integrates with any online & offline store, while the powerful analytics visualize the most important data to give intelligent insights. Looking at the vast potential of the market, the founders’ capability and passion, we feel our investment is a win, and we are even looking forward to investing in the next round,” Siddharth added.