Metaverse is the next big thing!
By 2025, the global gaming market is expected to reach $268.8 billion.
In India, too, there’s been a growth in the Metaverse Sector.
Many new startups leveraging Metaverse are emerging these days.
One such startup is: Fabrik
Founded by Puneet Badrinath, Fabrik is THE no-code tool to create metaverses using a regular keyboard and mouse with a few clicks.
With Fabrik’s no-code platform, industrial clients can quickly and efficiently create Digital Twin and AR applications that run on any device (on a browser) with just a URL, without any additional hardware, according to a press release.
This enables businesses to run quick pilots, identify use-cases with immediate ROI, and roll out metaverse-based solutions quickly with little upfront costs.
Recently the startup raised an undisclosed amount as part of its seed round led by Modulor Capital. The round also saw participation from LetsVenture, SucSEED Angel Network, Faad Network, Srishti Lakhotia of the SR Group, and other angel investors.
Aditya Arora, CEO, Faad Network said,
“Happy to announce our latest investment in Fabrik –
An Industrial Metaverse startup creating digital twins for high-value critical assets.
Great to get the support of Modulor Capital, SucSEED Ventures, LetsVenture, SR Group Co.
Congratulations to Puneet B as you build this rocket ship. Excited to see this unfolding.”
Upon raising the funds, Puneet said “In large businesses and enterprises, less than 1% of data is used in decision-making. All this data/knowledge is in silos making it impossible to gain actionable insights. Fabrik fundamentally changes this dynamic by layering complex information from multiple sources into visual insights for stakeholders along the value chain. With this round, we are building a team with the depth of experience needed to create the industrial metaverse category in the next three to five years.”
“Man’s engagement with machines has historically been complex and Metaverse-based AR/VR tech allows for a more immersive engagement. Our investment in Fabrik will allow them to build this bridge with machines” said Bhavish Sood General Partner at Modulor Capital.
While Metaverse is here to stay and how, we can’t wait to see what more Fabrik has to offer.
To stay updated about more such stories, join our Linkedin Community where
you can share, learn and discuss the latest news in the startup sector.