Verus Digital
Pre-Seed
Co-Investors: 1
Darmstadt, GER
Accurate 3D scans, capturing both geometry and color, are essential across various industries, especially for museums, the art industry and forensics. However, the process is currently still highly manual, as an expert has to inspect the object in question and take manual measurements. This data is then converted into a corresponding model by IT technicians and 3D artists.
This manual effort is extremely cost-intensive and error-prone, which is why digital solutions and automation are urgently needed and are also high priced on the market.
Verus Digital has developed the world’s first fully autonomous 3D system that is already inspiring customers from a wide range of industries: the integrated all-in-one solution based on hardware and AI enables high-resolution results and reduces labour costs by up to 80%. With Verus Digital’s solution, cultural artefacts and forensic evidence can be quickly captured, analysed and documented for eternity. The technology behind Verus Digital has been developed over the last 6 years as a research project of the Fraunhofer Institute and the team has been spinning out this technology as an independent company for 2 years and has confirmed the proof of market.
The business model combines high-margin system sales with recurring subscriptions and repeat customers. The core product is a 3D scanning system sold directly to organizations like museums, libraries, and forensic institutions. Each system sale includes an annual subscription for ongoing software updates, maintenance, and advanced features, with optional add-on modules available to expand functionality. This model fosters long-term customer relationships. In addition, Verus Digital offers high-quality Scanning-as-a-Service (SCaaS), aiming to establish framework contracts where clients allocate budgets for regular yearly projects. This approach builds a strong base of repeat customers and stable recurring revenue, enabling efficient scaling and increased profitability.
TAM: €4.3bn
SAM: €1.2bn
SOM: €50m
Key Markets:
Market Expansion Areas:
Market Use
Digital Transformation: Increasing need for accurate 3D models in our key markets – museums and forensics
Strong Growth Outlook: Significant 3D scanning market growth projected over the next six years, driven by industry demand
Digital Twin Potential: Rising interest in 3D printing with the potential to create the first 1-to-1 color copying solution
Virtual & Entertainment Applications: High demand for realistic 3D models to power virtual worlds, such as the metaverse, and other immersive experiences.
3D Systems has acquired a total of six companies in recent years, including dp polar GmbH, Kumovis GmbH, Additive Works, Allevi Inc, Volumetric Biotechnologies and Titan Robotics.
Stratasys has also made acquisitions and has taken over four companies in recent years: Origin, RPS, Xaar 3D and Covestro Additive Manufacturing Materials. However, no valuation figures were published for these acquisitions.
An example of an acquisition in the 3D sector with a multiple of 11x, an industry-standard range of 3-12x, is Protolabs‘ acquisition of 3D Hubs in 2021. The acquisition value was USD 280 million, with 3D Hubs’ annual revenue in 2020 being around USD 25 million – corresponding to a revenue multiple of around 11.2x.
There was also the acquisition of Link3D by Materialise for USD 33 million, albeit without information on the multiplier.
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