PRESS RELEASE
Montreal, Quebec – September 18th, 2024 – CubicSpace Inc., a cutting-edge spatial media technology company, is thrilled to announce the successful closing of a $1.5 million pre-seed funding round.
The round was led by Triptyq Capital, with participation from ACET Capital and Barricad. The newly acquired funds will accelerate CubicSpace’s efforts in commercializing its groundbreaking technologies, advancing research and development, and launching new products based on CubicSpace’s innovative technologies.
For nearly 200 years, the adoption of 3D technology has been hindered by issues related to user comfort, including complaints of visual fatigue and headaches. Unlike natural human 3D vision, stereoscopic 3D technologies, which are used in 3D displays and XR headsets, provide an artificial 3D experience which can cause serious discomfort if not adapted to users and viewing conditions. With the rise of spatial computing, including advancements in 3D capture and 3D displays (such as glasses-free monitors and XR headsets), the need for a controlled and guaranteed quality 3D user experience has never been greater.
CubicSpace’s mission is to develop technologies which will enable the creation of a global 3D ecosystem where anyone will be able to easily create, freely share and comfortably view 3D content on any display. The CubicSpace technology introduces a groundbreaking approach to 3D imaging by dynamically adapting spatial media in real-time, even while zooming in 3D. CubicSpace ensures a natural, comfortable, and intuitive 3D experience that respects physiological constraints, enabling extended periods of comfortable viewing and maximizing user engagement with spatial media.
Nicholas Routhier, President and Co-Founder of CubicSpace, expressed his excitement about the funding round: “I have been passionate about 3D technology for over 25 years, and I am thrilled to see CubicSpace take this significant step forward. Partnering with Triptyq Capital and their exceptional team—known for their expertise, industry network, and experience—will be instrumental in realizing our vision of transforming 3D experiences for all users. We also thank ACET Capital and Barricad for believing in and supporting our mission of democratizing 3D for all.”
“Triptyq Capital’s investment in CubicSpace underscores our commitment to backing transformative solutions in the 3D and immersive content space. CubicSpace’s patented technology addresses critical issues like compatibility and cybersickness, setting a new standard for user comfort and accessibility. With a founder-market fit exemplified by Nicholas Routhier’s deep expertise and innovative leadership, alongside a seasoned team, CubicSpace is uniquely positioned to lead a new era of immersive experiences. This investment not only supports groundbreaking technology but also the proven talent driving its success” – Charles Sylvestre.
“At ACET Capital, we are excited to announce our investment in CubicSpace, one of the most innovative companies redefining the 3D industry. Their technology promises to radically transform the way we use and consume 3D. We are particularly proud to partner with CubicSpace and their experienced and ambitious team, which is perfectly aligned with our vision of investing in cutting-edge technologies.” — Dominic Denis, Investment Director.
About CubicSpace Inc.
Founded in 2023, CubicSpace Inc. is dedicated to revolutionizing the 3D experience through advanced image processing technologies. The company’s mission is to deliver a natural, comfortable, and intuitive 3D experience to users worldwide, overcoming traditional limitations and expanding the possibilities of spatial computing.
About Triptyq Capital
Headquartered in Montreal, Triptyq Capital is a $41M seed venture capital fund specializing in investments in pioneering technology and visionary founders that push the boundaries of digital entertainment and interactive media.
About ACET Capital
ACET is dedicated to seeking out bold and innovative technology projects and providing support to entrepreneurs throughout their journey to bring them to fruition. ACET accomplishes this by leveraging its investment fund, ACET Capital, which is specifically designed to take an equity stake in early-stage startups and provide them with the necessary financial structure to launch and implement their commercialization strategies. With a focus on fostering positive societal impact, ACET is committed to propelling startups with the potential to succeed in the future.
About Barricad
Barricad Capital is a private equity advisory and investment firm founded by Philippe Bergeron-Bélanger and partners from Barricad, a tax law firm with offices in Montreal and Quebec. Leveraging more than 10 years in capital markets experience investing his own money and advising stakeholders in public and private microcap companies, Philippe is now leading Barricad Capital as Managing Partner. Barricad Capital is looking for misunderstood and overlooked microcap companies in the Quebec Venture Capital and Private Equity ecosystem, with an Enterprise Valuation below $10M and high growth potential.
For media inquiries or more information about CubicSpace Inc., please contact:
Nicholas Routhier
President & Co-Founder
CubicSpace Technologies Inc.
nicholas.routhier@cubicspace.ai
+1 (450) 907-0609
cubicspace3d.com
