Right Hemisphere raises capital, to sell 3D collaboration tools to businesses
Right Hemisphere, a Fremont, Ca. company that sells visual technology that began by letting you touch up animated characters in movies, said it has raised money from SAP Ventures, the venture capital arm of large German software firm, SAP.
We wrote about the company three years ago, when it first moved to the Bay Area, from New Zealand.
Munich Venture Partners, a German venture firm, also participated in the investment, which was characterized as an appendage to the company’s second round of venture capital.
Right Hemisphere’s software has extended beyond its origins of animation, and includes a product data management and lifecycle management platform, to allow collaboration within large companies.
The company says its customers include DaimlerChrysler, Bell Helicopter and Sikorsky.
From the statement:
“With an open, automated approach to sharing and publishing 3D product information, Right Hemisphere is adding great
value by eliminating the time-consuming downstream process inefficiencies that traditional PLM solutions have failed to address,” said Nino Marakovic, a partner at SAP Ventures.
Previous investors include Sequoia Capital, Sutter Hill Ventures, and NVIDIA — when the company raised $12 million in 2005, and $4 million in 2003.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
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