Lithuania
Cloyd IXR, an AR/VR pioneer based in Lithuania, is focused on the development of easy-to-use and scalable products. The startup boasts a highly motivated and experienced international team and is trusted by numerous reputable partners.
The product offers a range of benefits including cost and time reduction, distance and collaborative learning, industrial safety enhancement, simplifying high-complexity training, and improving user engagement and retention of information. It also facilitates the creation of immersive environments and promotes the creative exchange of information.
The business model revolves around tiered monthly subscriptions based on complexity and maximum user numbers, with discounts offered for volume, annual, and long-term subscriptions. Additionally, the company offers whitelabel options and resale of models from an existing library.
Comparing Cloyd IXR with XR Studios, Cloyd IXR's flexibility level is highlighted as being very high, with a lower entry barrier to XR projects and the option to use all XR infrastructure on a subscription basis. With an in-house development team and 3D content team, the company ensures low production costs and high-quality object rendering, with session and multiplayer support and no requirement for special skills for application use.
The last known investment for Cloyd IXR was a Seed Round investment on 20 October 2022.
The industries Cloyd IXR operates in include education, transportation, and VR/AR.