Three Space Lab (3SL), a company specializing in ultra-realistic virtual reality (VR) real estate visualization, has raised $3 million in seed funding. This significant financial backing aims to transform the luxury homebuying experience, making it more interactive and engaging for prospective buyers. The funding round was led by Arminius Verwaltung, an investment firm based in Switzerland, which will enable 3SL to expand its global sales team significantly and utilize AI in transformative ways.
With this capital investment, 3SL plans to accelerate its expansion efforts across key international markets, including North America, Europe, and the Middle East. The company will initially target high-demand real estate hotspots such as Miami, known for its vibrant luxury market; St. Tropez, a classic destination for affluent buyers; and Dubai, a city renowned for its opulent properties and rapid growth in the luxury sector.
3SL was founded by Dr. Scott W. Greenwald, a former research scientist at MIT, who is driven by a vision to redefine the traditional real estate sales process. By enabling sellers to present off-plan and remote properties with stunning levels of realism and detail, 3SL’s cutting-edge, proprietary immersive visualization platform sets a new standard for the industry. This innovative approach not only enhances the buyer’s experience by offering a highly interactive and lifelike exploration of properties but also empowers potential buyers to make informed and confident purchasing decisions from anywhere in the world, at any time. In doing so, 3SL aims to disrupt the established real estate market and usher in a new era of home buying.
KEY QUOTES:
“3SL brings luxury real estate to life for buyers worldwide, letting them step into their dream homes from anywhere using VR, bringing joy and magic to the biggest purchase decisions of their lives. This not only helps our customers sell their properties faster and more efficiently — it also allows architects, designers, and developers to experience and emotionally connect with their projects even before they’re built. Our novel approach brings unparalleled realism and usability to VR technology, breaking down stubborn barriers to adoption in the real estate space.”
“This funding bolsters our ability to scale, developing AI-based techniques to increase the sophistication of our offering while decreasing cost and accelerating execution. This will allow us to bring our ultra-realistic content offerings to developers and buyers worldwide. Furthermore, we see this as a first step to VR adoption across numerous industry verticals.”
Scott Greenwald
