About RapidCompact
RapidCompact is a company based in Darmstadt (Germany) founded in 2018.. RapidCompact has raised $5.37 million across 2 funding rounds from investors including IRIS, FTTF and 3VC. RapidCompact offers products and services including RapidPipeline Web Platform, 3D Model Optimization, Mesh Culling, and Format Conversion. RapidCompact operates in a competitive market with competitors including Alloyed, Escher Reality, 3DQR, Additive Flow and Blue Vision Labs, among others.
- Headquarter Darmstadt, Germany
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Darmstadt Graphics Group Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.37 M (USD)
in 2 rounds
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Latest Funding Round
$4.48 M (USD), Series A
Jul 20, 2023
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Investors
IRIS
& 4 more
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Employee Count
Employee Count
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Products & Services of RapidCompact
RapidCompact offers a comprehensive portfolio of products and services, including RapidPipeline Web Platform, 3D Model Optimization, Mesh Culling, and Format Conversion. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates 3D model optimization and conversion for efficient asset management.
Enhances 3D models by reducing size and improving performance for various applications.
Removes unnecessary geometry from 3D models to optimize file sizes.
Converts 3D files to standard formats like glTF for better compatibility.
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Funding Insights of RapidCompact
RapidCompact has successfully raised a total of $5.37M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.48 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $4.5M
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First Round
First Round
(29 Sep 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series A - RapidCompact | Valuation | IRIS | |
| Sep, 2020 | Amount | Seed - RapidCompact | Valuation | 3VC Seed , FTTF |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in RapidCompact
RapidCompact has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include IRIS, FTTF and 3VC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A venture capital firm focused on tech investments is operated.
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Founded Year | Domain | Location | |
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Venture capital is provided by FTTF for deep-tech startups using Fraunhofer technologies.
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Founded Year | Domain | Location | |
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A European venture capital fund focused on tech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by RapidCompact
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - RapidCompact
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rapidcompact Comparisons
Competitors of RapidCompact
RapidCompact operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Alloyed, Escher Reality, 3DQR, Additive Flow and Blue Vision Labs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of metal component solutions using advanced materials and manufacturing techniques
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Interactive AR experiences are built via a development platform.
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| domain | founded_year | HQ Location |
Offers solutions to build 3D AR effects into QR codes
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| domain | founded_year | HQ Location |
AI and cloud software for 3D print optimization is provided.
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| domain | founded_year | HQ Location |
Shared AR technology is developed for simultaneous multi-user experiences.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rapidcompact
Frequently Asked Questions about RapidCompact
When was RapidCompact founded?
RapidCompact was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is RapidCompact located?
RapidCompact is headquartered in Darmstadt, Germany. It is registered at Darmstadt, Hesse, Germany.
Who is the current CEO of RapidCompact?
Matt Connors is the current CEO of RapidCompact.
Is RapidCompact a funded company?
RapidCompact is a funded company, having raised a total of $5.37M across 2 funding rounds to date. The company's 1st funding round was a Seed of $885.42K, raised on Sep 29, 2020.
What does RapidCompact do?
RapidCompact was founded in 2018 in Darmstadt, Germany, and operates in the software sector focused on 3D data processing for augmented reality. A cloud-based platform is utilized to automate the creation of 3D models at varying file sizes. Mesh decimation capabilities are included to enable polygon reduction while preserving quality. Access to the solution is structured around a subscription-based pricing model, supporting users in AR development workflows.
Who are the top competitors of RapidCompact?
RapidCompact's top competitors include Alloyed, Escher Reality and Infinity AR.
What products or services does RapidCompact offer?
RapidCompact offers RapidPipeline Web Platform, 3D Model Optimization, Mesh Culling, and Format Conversion.
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