Virtual Reality Solutions Company
SmartVizX announced that Vinay Narayan, ED, Virtual Reality Product Management and Head of PMO at HTC Vive has joined their Board. Vinay brings in years of expertise in the VR domain and will help SmartVizX tap into the global market by advising on product development and growth strategies.
Commenting on the development, Gautam Tewari, Founder & CEO, SmartVizX said, “We are excited to have Vinay on board given his association with one of the most prominent players in the VR domain. As SmartVizX’s solutions become more intelligent and we turn to global markets, Vinay’s experience and expertise with this technology as well as, understanding of the end consumer will definitely boost our growth. His core focus here will be on productization and marketability of our various solutions.”
Founded in February 2015, SmartVizX has quickly emerged as the leader in VR based products for B2B (business to business) space in the AEC (Architecture, Engineering & Construction) industry. The company offers a suite of cross platform solutions that enable businesses communicate better with potential customers thus increasing the chances of customer acquisition while ensuring informed decision making at the buyer’s end.
SmartVizX disrupts traditional passive and, static design visualization methodologies by developing Virtual Reality (VR) solutions that are immersive, interactive and engaging. The company combines design visualization with game technologies to create cross-platform tools that enable users to immerse themselves in the environment they are engaging with.
SmartVizX VR solutions helps buyers buy better, sellers sell better & businesses conduct business better. The company was founded in February 2015 by Gautam Tewari and Tithi Tewari, both senior architects with a collective industry experience of over 30 years between themselves. Key clients of SmartVizX include DASNAC, Developer Group, Rockworth, NIIT, The Quint, Interglobe Aviation, Express Avenue and Express Group.
Having raised an angel round from the Indian Angel Network and Stanford Angels & Investors, SmartVizX now has a full fledged R&D facility led by some good talent in the VR industry and is creating products aimed at improving buyer-seller engagement across diverse sectors ranging from e-commerce, healthcare, learning & development etc to name a few.
“When I first met Tithi and Gautam and experienced the VR tech at SmartVizX, I knew they were on to something. The team's passion for immersive technology and, domain expertise is an exciting combination. Given the quality of their product and business acumen of the founders, I believe this company has the potential to be at the forefront of VR based content at a global level. I look forward to assisting them achieve leadership across international markets.” said Vinay Narayan about his decision to join SmartVizX’s board.
Imagine two successful architects with a rather illustrious corporate career confounded by one simple question; How does one visualize a design in such a way that even a layperson can appreciate it accurately?
Gautam and Tithi Tewari who had just started their own architectural practice after hanging up their corporate shoes at Space Matrix (one of the largest architectural design firms of Asia) were finding it difficult to answer the need to visualize designs better. They wanted a completely immersive, interactive experience that would help potential customers understand design nuances, interiors, furnishings etc, without the need for the physical building/sample flat to be created first.
A chance meeting with gamers solved the puzzle for them. Games have always had an immersive experience where one finds himself/herself in the situation rather than having an overview. Thus the foundation for a marriage between Virtual Reality (VR) and architecture design was laid. Today with clients such as DASNAC, Developer Group, Rockworth, NIIT, The Quint, Interglobe Aviation, Express Avenue and Express Group etc, SmartVizX is a success. It recently got a stamp of approval from industry stalwarts when it picked up its angel funding of $530000 from Indian Angel Network (IAN) and Stanford Angels and Entrepreneurs (SA&E India).
SmartVizX is already present in Delhi, Mumbai, Bangalore and Dubai as well markets such as Singapore and USA. It has already been named by NASSCOM as ‘Startup of the week’ under its ‘10000 startups’ initiative.
According to Digi-Capital’s new ‘Augmented/Virtual Reality Report 2015’, Augmented/Virtual Reality is expected to reach a global valuation of $150 billion by 2020. These valuations are expected to be achieved through the development of both high quality hardware as well as content. A report by SuperData Research estimates that the VR Gaming market itself is worth $5.1 billion with a customer base of 55.8 million in 2016. These figures indicate a potential boom in the VR industry and a rising appetite for VRV based content.
BW Reporters
Soumya is a young writer and journalist, with bachelors in Multimedia and Mass Communication. She is an alumini of the Asian College of Journalism, and finds politics and sustainability intriguing beats to work with.
