{"data":{"type":"company_profile","id":76989,"entity_id":"wefunder:company:76989","attributes":{"canonical_url":"https://wefunder.com/mod.tech.labs","generated_at":"2026-07-15T06:15:55Z","updated_at":"2026-07-15T05:00:38Z","entity_ids":{"company":"wefunder:company:76989","slug":"wefunder:company_slug:mod.tech.labs"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-07-15T06:15:55Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-07-15T05:00:38Z","as_of":"2026-07-15T06:15:55Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-07-15T05:00:38Z","as_of":"2026-07-15T06:15:55Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-07-15T06:15:55Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-07-15T06:15:55Z","confidence":"medium"}}},"company":{"id":76989,"entity_id":"wefunder:company:76989","slug":"mod.tech.labs","name":"Mod Tech Labs, Make 3D Easy","tagline":"A mobile + cloud software that makes 3D in minutes for Web3","elevator_pitch":"MOD is a revolutionary new way to create 3D content. A mobile + cloud-based software that makes 3D in minutes. Take photos with any camera or the MOD 3D Scanner on Android and iOS then upload to automated cloud processing and download your 3D file. Great for AR, VR, NFTs, Virtual Goods, 360 Views, and more with a special file that is portable to any virtual world with an infinite quality.","story":"MOD is a revolutionary new way to create 3D content.\u0026nbsp;A mobile + cloud-based software that makes 3D in minutes. Take photos with any camera or the MOD 3D Scanner on Android and iOS then upload to automated cloud processing and download your 3D file. Great for AR, VR, NFTs, Virtual Goods, 360 Views, and more with a special file that is portable to any virtual world with an infinite quality.3D content creation is not scalable because it requires many highly-skilled specialists, complex workflows which have 5 or more specialized software licenses, are are very slow producing a maximum of 6 assets per week given that each one takes about 12hours of art and processing.MOD will be the gold standard for digitizing imagery beyond virtual commerce entering other markets that may include media, architecture, geospatial, medical, space, and beyond. As we form deeper relationships in the 3D ecosystem we will become a foundational tool for the simplification of 3D and the interoperable capability of file types that can go throughout Web3 and the Metaverse.Founders, Alex and Tim, have spent more than 20 years creating digital content for corporations, entertainment, and interiors. The tools, workflows, and people needed to produce content are too technical, slow, and manual. In their previous studio they dealt with lack of scalability and created MOD to automate these tools for efficiency. We’ve developed our platform and the proprietary algorithms with more the 166TB(!) of data into over 43 automated microservices.Mod Tech Labs has operated in compliance with trade secret practices. After consulting with patent attorneys we have come to the conclusion that we have about 20 tent-pole patents and about 100 defensible claims. The machine learning algorithms that we have created are a highly defensible part of our overall solution increasing speed, image quality, and reducing the complexity of capture.We already have partnerships with hardware, software, and platforms connecting brands and consumers with the infrastructure and\u0026nbsp;tools for Web3 and the Metaverse. Plus the groups making standards for the way the new virtual landscape will be built.\u0026nbsp;\u0026nbsp;3D Platforms that are in the Web3/Metaverse ecosystem.Software/Engine: Fortnite, Roblox, Unity, Epic Games, SNAPHardware-First: NVIDIA, Samsung, Microsoft, Apple, MetaCrypto-Based: Decentraland, Sandbox, AXIE, coinbaseAll our competitors are relying on manual processes for post-processing and finalizing assets. They are not using photo-realism at scale and do not have the ability to create interoperable file types.\u0026nbsp;Automated 3D solution using CAD models or modeling products in-house to digitize for ecommerce,\u0026nbsp;NextTechAR Mobile scan apps,\u0026nbsp;most are iOS only and do not have the extensibility/scalability of the API based automated workflow,\u0026nbsp;TrnioCloud photogrammetry solutions are using off-the-shelf license with no post-processing,\u0026nbsp;Beholder.\u0026nbsp;The biggest barrier to adding photo-realism to any company is training/lack of talent this is overcome with tools that do not require technical users to operate. Allowing users to output interoperable files optimized for any use case makes the possibilities endless.\u0026nbsp;As we gain champions through app use, MOD will become a tool for 3D platforms with a virtual commerce component we move to a transactional sale and Account Based Marketing. Our enterprise subscription model is geared toward an API product, but may also include white label apps, and/or licensing + royalties. Price is based on the number of assets and amount of data being processed and a recurring subscription starts at $5k per month and up (average annual likely north of $100,000). Another revenue stream will be the professionals users of the app. Which is a SaaS based subscription, each between $50-$200/month based again on number of files created and access to web other premium services. MOD is leveraging a product led growth strategy with a scanning app that is widely accessible and has brought 99% organic inbound traffic. The app has a free trial with limited features and can be upgraded to include professional features including a customizable web interface, but this limits the ability of the user to scale past 100 scans per month. These primarily are self-serve products that show the ease of automated 3D cloud processing with MOD.","location":"Austin, TX","website":"https://modtechlabs.com/","total_amount_raised":68474,"total_investors":62,"is_funded":true,"is_active":true,"quality_score":4,"related_urls":["https://wefunder.com/mod.tech.labs","https://modtechlabs.com/"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/76989/xxl_cropped_Apple_Store_Submission__2208___1242_px___3_.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/76989/large_cropped_MOD_mini.jpg","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/76989/standard_cropped_Apple_Store_Submission__2208___1242_px___3_.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/76989/standard_cropped_Apple_Store_Submission__2208___1242_px___3_.jpg","profile_video_url":"https://wefunder.wistia.com/medias/skergg3fhn"},"links":{"company_url":"https://modtechlabs.com/","twitter_url":"http://twitter.com/modtechlabs","facebook_url":"https://www.facebook.com/modtechlabsinc"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"💸 Join VC's that have invested $770K"},{"index":2,"claim_id":"claim-fact-2","value":"🔥 14K downloads / 3k active users"},{"index":3,"claim_id":"claim-fact-3","value":"🤝 Partnerships include Intel, NVIDIA, Autodesk"},{"index":4,"claim_id":"claim-fact-4","value":"💥 490K assets created using our App + Web + API"},{"index":5,"claim_id":"claim-fact-5","value":"🗽 830x the amount of 3D data for a good AI- stacked that's taller than the statue of liberty"},{"index":6,"claim_id":"claim-fact-6","value":"💰 $15B Obtainable Market3D Imaging Market"},{"index":7,"claim_id":"claim-fact-7","value":"❗ 99% faster than manual conversion to 3D"},{"index":8,"claim_id":"claim-fact-8","value":"💪 Founders have 20 yrs experience in 3D, AR/VR, Games, + Movies"}],"team":[{"id":1375036,"entity_id":"wefunder:company_role:1375036","user_entity_id":"wefunder:user:1324263","role":"founder","name":"Alexandria Porter","title":"CEO \u0026 Co-Founder","bio":"Previously CEO \u0026amp; Founder @Underminer XR Studios; BS Construction Technology \u0026amp; Interior Design: Intel Top Innovator since 2017, NVIDIA Inception Member, Forbes Next 1000, Woman's Way Rising Star 2021, CTA Chair.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1375036/square_cropped_APorter-_Headshot.jpg?1652973792","profile_url":"https://wefunder.com/alexandria.porter.2","linkedin_url":"https://www.linkedin.com/in/alextporter/","related_urls":["https://wefunder.com/alexandria.porter.2"]},{"id":1379037,"entity_id":"wefunder:company_role:1379037","user_entity_id":"wefunder:user:1330484","role":"founder","name":"Timothy Porter","title":"CTO \u0026 Co-Founder","bio":"Previous CTO \u0026amp; Founder @Underminer XR Studios; Tech Artist @GameLoft, @Gamehouse, @Two Bit Circus; Pipeline Technical Director @Sony; BS Computer Animation @Full Sail University; Intel Top Innovator; NVIDIA Inception Member; CTA Chair.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1379037/square_cropped_TPorter-_Headshot.jpg?1644613285","profile_url":"https://wefunder.com/timothy.porter.2","linkedin_url":"https://www.linkedin.com/in/timothymporter/","related_urls":["https://wefunder.com/timothy.porter.2"]},{"id":2061162,"entity_id":"wefunder:company_role:2061162","user_entity_id":"wefunder:user:1786932","role":"employee","name":"Greer Carper","title":"Advisor","bio":"Investing Principal for Boeing HorizonX Global Ventures. Past work in strategy, business development, program management, and finance across Boeing and its subsidiaries specializing in high technology, aerospace, and defense products.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2061162/square_cropped_190716_portrait_MSF19-0031-215__2_.jpg?1630280528","profile_url":"https://wefunder.com/greer.carper","linkedin_url":"https://www.linkedin.com/in/greercarper/","related_urls":["https://wefunder.com/greer.carper"]},{"id":2154700,"entity_id":"wefunder:company_role:2154700","role":"employee","name":"Travis Oliphant","title":"Investor \u0026 Advisor","bio":"CEO at OpenTeams and Quansight, Founder of Anaconda, NumFOCUS and PyData. 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Very impressive presentation. Is this IP protected, and how do you prevent well-funded/backed VFX studios from creating a similar/identical platform? Thanks!","author_name":"David Brown","votes":2,"created_at":"2021-08-07T14:20:25Z","canonical_url":"https://wefunder.com/mod.tech.labs#question-162209","answers":[{"id":162677,"entity_id":"wefunder:comment:162677","answer":"Hi David! Thank you for your kind words. Part of this raise is to secure our IP. Tim","author_name":"Timothy Porter","votes":1,"created_at":"2021-08-10T02:11:55Z"},{"id":163868,"entity_id":"wefunder:comment:163868","answer":"The traditional solutions in VFX are very focused on automating from gate keeper to gatekeeper rather than using modern tech like AI to advance the workflows and improve capacity overall. The industry is still very much of the mindset that each asset has to go through a linear workflow and process that is human centered. Our approach is to maximize human potential by taking over the technical parts of the process that people are slow at and are often the bottleneck. Tim's role in movies and games was very specialized, 30 total Pipeline Technical Directors in all of Sony, creating workflows for artists and for crazy cool effects in movies. Each movie is a new company and has to make new workflows and technical tools every time. There is no standardization and a massive lack of talent that can build tools like MOD. Last, but not least, we have build and trained proprietary machine learning algorithms and that takes time and skill that is very uncommon in the VFX industry. Thanks for the great question!","author_name":"Alexandria Porter","votes":0,"created_at":"2021-08-17T02:21:56Z"}]},{"id":195304,"entity_id":"wefunder:comment:195304","question":"It has been about two months since you pulled the apps from the app store; can you provide an update on your progress converting the prior user base to paid plans? Also, this WeFunder campaign has been active for a while; any update on when you plan to close it?","author_name":"Leonard Grover","votes":1,"created_at":"2022-03-06T15:36:10Z","canonical_url":"https://wefunder.com/mod.tech.labs#question-195304","answers":[{"id":195543,"entity_id":"wefunder:comment:195543","answer":"Hi Leonard- thank you for checking in. We have relaunched the app with a Freemium model on Android and iOS is pending approval. After just 5 days we have over 1300 active users and 89% retention for this launch. It is too early to know the effect of a Product Led Growth (PLG) strategy with this method. Reactivating users is in progress with marketing and social campaigns. That being said we are generating recurring revenue work with a brand now and in process of finalizing a pilot phase with NBC Universal. Our sales pipeline includes Epic Games, Unity, Roblox, Samsung, and SNAP among others with $10M estimated value. We do expect to work on enterprise deals like these in tandem with the PLG. There will be ways that our clients use the mobile, web, and API portals in custom configurations and we are using the app for organic lead generation and opportunity to interact with the MOD ecosystem. Here is a fun review I found about our App: 11 Best 3D Scanner Apps For 3D scanning \u0026amp; AR- https://technicalustad.com/3d-scanner-apps/ 3. Mod 3D Scanner app Mod 3D is one 3d app in the android app community which is useful and actual for 3D work, unlike all the other useless 3D applications. ... There are so many other great and useful 3D scanning features on Mod 3D scanner as well which are built you help you in better 3D scanning. This campaign will be closing in April. We are in talks with a VCs, angels, and clients to participate as well. This week we are attending South by Southwest and we are thrilled to share this campaign broadly with our audience at the SXSW PITCH competition and the other events we are attending. Thank you for keeping up with us.","author_name":"Alexandria Porter","votes":0,"created_at":"2022-03-08T21:20:51Z"}]},{"id":165417,"entity_id":"wefunder:comment:165417","question":"Thank you very much for the detailed reply! I do have one follow up. How is your app download/usage translating to revenue? Is there a free usage or are all users paying customers? What is the average price point (package) that is being purchased? If one were to assume that the 1600 users were paying customers and the minimum price point is $20/month, does that mean that you are somewhere around $30-40k in MRR currently? Thanks!","author_name":"Todd Hahn","votes":1,"created_at":"2021-08-24T12:30:24Z","canonical_url":"https://wefunder.com/mod.tech.labs#question-165417","answers":[{"id":165455,"entity_id":"wefunder:comment:165455","answer":"At this time we are not generating revenue from the app. You are correct that we are projecting $50-100k per month once we launch live, the monetization portions of the app include subscriptions and In-App-Purchasing, as well as the ability to combine with an Enterprise subscription which start at $5k per month. Our goals with the initial launch of the app were to collect low-quality imagery data to train our algorithms and to create some brand recognition for professional clients. In this effort we started with our networks which brought in about 4k beta testers. In the last 2 months we have gained 5k new beta testers that have manually requested to be added via our website then we add them by hand or they found us on the Android Play Store in \"Early Access\" release. There is a major flywheel happening and our users are coming from major Entertainment and Media companies. We are working on some very unique algorithms that will bring down the number of photos and the quality of camera needed for very high end 3D from photos. This will be the first launch of this type of technology on mobile.","author_name":"Alexandria Porter","votes":1,"created_at":"2021-08-24T15:25:21Z"}]},{"id":288487,"entity_id":"wefunder:comment:288487","question":"This software is so cool! If you're into 3D tech, you might want to check out the cool stuff that Cyber Fox Agency https://cyber-fox.net/ is doing. They're a 3D design studio that specializes in creating visualizations and custom 3D product configurators, all through mobile and cloud software that lets you craft 3D designs in minutes for Web3.","author_name":"Barry Buh","votes":0,"created_at":"2024-07-22T18:34:58Z","canonical_url":"https://wefunder.com/mod.tech.labs#question-288487","answers":[]},{"id":200457,"entity_id":"wefunder:comment:200457","question":"When I click the How It Works button on the home page, on my mobile device, I get a security certificate error. It looks like the link is https://webdev.modtechlabs.com/3dprocess but I think it should actually be https://modtechlabs.com/3dprocess .","author_name":"Leonard Grover","votes":0,"created_at":"2022-04-09T00:42:36Z","canonical_url":"https://wefunder.com/mod.tech.labs#question-200457","answers":[{"id":200589,"entity_id":"wefunder:comment:200589","answer":"Hi Leonard! Thank you for the message. It is fixed- you were totally correct and it was a quick fix. I appreciate you letting us know. Did the 3D process page answer the questions you had or can I elaborate on anything?","author_name":"Alexandria Porter","votes":0,"created_at":"2022-04-11T02:39:13Z"}]},{"id":198955,"entity_id":"wefunder:comment:198955","question":"HI you mention you have had extensive investment from VCs but I cant see from which could you clarify who has invested","author_name":"Azhar Allahdad","votes":0,"created_at":"2022-03-31T06:29:39Z","canonical_url":"https://wefunder.com/mod.tech.labs#question-198955","answers":[{"id":198984,"entity_id":"wefunder:comment:198984","answer":"Hi Azhar- Our investor are a generalist venture fund for Sputnik Accelerator Alumni (Winter 2020 cohort) and Quansight with a focus on technology commercialization. SputnikATX Ventures: https://www.sputnikatx.com/ Quansight Initiate https://www.quansight.com/ventures","author_name":"Alexandria Porter","votes":0,"created_at":"2022-03-31T15:30:36Z"}]},{"id":198818,"entity_id":"wefunder:comment:198818","question":"Has the campaign been extended?","author_name":"Kevin Hardman","votes":0,"created_at":"2022-03-30T19:11:18Z","canonical_url":"https://wefunder.com/mod.tech.labs#question-198818","answers":[{"id":198985,"entity_id":"wefunder:comment:198985","answer":"Hi Kevin- Yes, we have extended for a short period. This will close during April.","author_name":"Alexandria Porter","votes":0,"created_at":"2022-03-31T15:31:27Z"}]},{"id":188868,"entity_id":"wefunder:comment:188868","question":"I didn't see the apps in the app store, and noticed that you introduced paid plans on your website. How many of the previous app users have migrated to a paid plan? What is the current revenue run rate?","author_name":"Leonard Grover","votes":0,"created_at":"2022-01-17T14:02:38Z","canonical_url":"https://wefunder.com/mod.tech.labs#question-188868","answers":[{"id":189232,"entity_id":"wefunder:comment:189232","answer":"Hi Leonard, Thanks for adding questions. We have removed the apps from the store and they are accessible through our site. We are in the process of the full launch right now. Given that we are a B2B company we want to be in control of our audience and target the high volume users. Based on our user research half of the active users ~4-5k are creators and will choose a $50/month plan. Typical app conversion is 1-2%, however over the last 6 months we have had a 97% retention rate with our users so we are estimating a higher conversion and seeing those trickle in now. The other half of our users are evaluating for larger scale uses and will be on the two higher plans if they are lower volumes. While many of the deals in our pipeline are much higher value, estimated values in the six-figure range+, and are more custom and into the Enterprise level. For example we are in the demo stages with a leading AR company focused on eCommerce. Another is a metaverse company that is enabling creators and has plans to use our mobile scanner as one tool to capture for their ecosystem of 3D tools. Our 2022 ARR was $61k which is 78% growth from the year before. We have spent the last two years focused on pilots to accrue data, over 150TB, to train our machine learning algorithms which is part of our moat and this has resulted in a robust platform with highly defensible technology. The sales pipeline we have is significant. Please feel free to follow up with an further questions.","author_name":"Alexandria Porter","votes":0,"created_at":"2022-01-20T04:25:49Z"}]},{"id":170530,"entity_id":"wefunder:comment:170530","question":"How long is this raise going to be open? I'm waiting for my limit to go up before investing.","author_name":"Chris Cathey","votes":0,"created_at":"2021-09-21T22:22:52Z","canonical_url":"https://wefunder.com/mod.tech.labs#question-170530","answers":[{"id":170812,"entity_id":"wefunder:comment:170812","answer":"When it closes it will go down. At this point we see it closing within the next few months. Thanks for your question!","author_name":"Timothy Porter","votes":0,"created_at":"2021-09-23T01:24:55Z"}]},{"id":169752,"entity_id":"wefunder:comment:169752","question":"Follow up question, why do priced rounds vs a SAFE. Usually early stage startups like yours prefer Convertible Notes or SAFEs","author_name":"Calvin Nguyen","votes":0,"created_at":"2021-09-17T06:54:34Z","canonical_url":"https://wefunder.com/mod.tech.labs#question-169752","answers":[{"id":170278,"entity_id":"wefunder:comment:170278","answer":"Hey again, Calvin! We chose with our existing investors to do a priced round.","author_name":"Alexandria Porter","votes":0,"created_at":"2021-09-20T14:49:52Z"}]},{"id":169725,"entity_id":"wefunder:comment:169725","question":"Is your goal an IPO or to get acquired by an Adobe competitor/someone trying to get into this space?","author_name":"Calvin Nguyen","votes":0,"created_at":"2021-09-17T01:17:04Z","canonical_url":"https://wefunder.com/mod.tech.labs#question-169725","answers":[{"id":170273,"entity_id":"wefunder:comment:170273","answer":"Hi Calvin, we are building a solid company that can grow and achieve high revenues and return on values for customers and investors. There is a possibility that we will be a target for acquisition by a competitor or partner before we reach IPO levels.","author_name":"Alexandria Porter","votes":0,"created_at":"2021-09-20T14:25:40Z"}]},{"id":165070,"entity_id":"wefunder:comment:165070","question":"Hello. What is your target market initially? Are you trying to go after people who ordinarily would not have this ability or are you also trying to go after the big players in movie production? How will the money from this funding be used? Are you primarily trying to get more exposure through marketing or are you still needing to invest in building out your product? Also, you mention below that you are seeing some IP protection but do you already understand exactly what you are trying to protect? It sounds like you offer a one of a kind product at this point but who/what do you see as your primary competition? Thanks!","author_name":"Todd Hahn","votes":0,"created_at":"2021-08-23T03:21:41Z","canonical_url":"https://wefunder.com/mod.tech.labs#question-165070","answers":[{"id":165259,"entity_id":"wefunder:comment:165259","answer":"Hi Todd! Great questions. Our initial target market last year was small to medium sized production studios because they had the great cameras and already knew how to capture for 3D. This helped us have 100TB of very high-end imagery to train our machine learning algorithms. The app itself has been a great way to collect over 10TB of low-end imagery data so that we can train our algorithms on less stellar cameras and a wider variance of accuracy. Our goal overall is to use MOD software to minimize the number of photos and cameras that any person has to take for photo-realistic 3D. The audience for the mobile tool has been professionals like 3D artists and 3D Scanners that want to do their jobs more easily. In this way we are a product led growth strategy that allows us to have champions inside of organizations that become enterprise level clients using the backbone of MOD which is high-end processing for imagery more commonly using professional grade cameras which are serviced outside of the app. This may be larger production companies at a later time, but we are focusing on the mid-sized studios that are often the outsource partners for the big studios. They have the lowest margins, the need for technological advancement to compete, and the lack of talent to create automated workflows. The funding from this raise will be directed at marketing, sales, and operations. The current traction with our app has been 9k downloads and 1600 daily active users without any marketing spend. We have 99% organic traffic and there is a massive opportunity for us to leverage the natural uptick in interest by spending on marketing, building a community for professional users, and being more visible as a unique solution in the market. Our platform is built and very robust with 43 microservices right now, and we have processed over 350k assets already. Regarding IP, we have consulting with IP attorneys to understand the opportunities and landscape for us. Given the nature of software IP we have maintained trade secret to specified standards until such time as we can effectively leverage patents and others. In this stage of our company it makes sense to file 1-3 provisional patents based on strategic opportunities. The competitive landscape is two-fold. On one side we have individual software packages like Adobe, Reality Capture, or Topaz Labs. Each is specific to one individual part of our overall pipeline. None of them are automated, most require your own personal compute power to run, and you need to be an expert in them to effectively create 3D, lastly they do not include a capture solution to take the images needed. The other side of this is an \"automated pipeline\" released by WETA Digital (Lord of the Rings, etc) it is in partnership with Autodesk and AWS. When a studio adopts this pipeline it is a one size fits all and you have to work within the ecosystem they created. The automated portion of it follows suit with the industry standard of an assembly line only flowing one way from gatekeeper to gatekeeper. This means it is still slow and highly dependent on people to keep it moving along. Each and every studio has a unique workflow so a fixed solution is going to be very hard for most studios. This pipeline is a great sign that the market demand is high for automated workflow solutions. Happy to clarify anything or add more if you have follow up questions. Thank you!","author_name":"Alexandria Porter","votes":0,"created_at":"2021-08-23T21:52:37Z"}]},{"id":161922,"entity_id":"wefunder:comment:161922","question":"Hello, I like the technology and market you are working with, as well as the initial traction you have. I am considering to invest, but need to clarify something first. I have seen that you are co-founding every few years different gigs and organizing hackathons which is very cool. Do you plan to keep to be involved with these other activities, or do you plan to let them go, and give MOD tech 100% of your time and focus?","author_name":"Vilem Fruhbauer","votes":0,"created_at":"2021-08-06T00:31:53Z","canonical_url":"https://wefunder.com/mod.tech.labs#question-161922","answers":[{"id":161941,"entity_id":"wefunder:comment:161941","answer":"Hi Vilem, great question! Thank you for asking. We are both full-time founders in Mod Tech Labs, only. We have a lot of varied experience and all of that is be used to fuel this company. I am more than happy to answer any follow on questions.","author_name":"Alexandria Porter","votes":2,"created_at":"2021-08-06T01:33:02Z"}]}],"faq":[{"question":"Hello, I like the technology and market you are working with, as well as the initial traction you have. I am considering to invest, but need to clarify something first. I have seen that you are co-founding every few years different gigs and organizing hackathons which is very ...","answer":"Hi Vilem, great question! Thank you for asking. We are both full-time founders in Mod Tech Labs, only. We have a lot of varied experience and all of that is be used to fuel this company. I am more than happy to answer any follow on questions."},{"question":"Hello and thank you. Very impressive presentation. Is this IP protected, and how do you prevent well-funded/backed VFX studios from creating a similar/identical platform? Thanks!","answer":"Hi David! Thank you for your kind words. Part of this raise is to secure our IP. Tim"},{"question":"Hello. What is your target market initially? Are you trying to go after people who ordinarily would not have this ability or are you also trying to go after the big players in movie production? How will the money from this funding be used? Are you primarily trying to get more ...","answer":"Hi Todd! Great questions. Our initial target market last year was small to medium sized production studios because they had the great cameras and already knew how to capture for 3D. This helped us have 100TB of very high-end imagery to train our machine learning algorithms. The app itself has been a great way to collect over 10TB of low-end imagery data so that we can train our algorithms on less stellar cameras and a wider variance of accuracy. Our goal overall is to use MOD software to mini..."},{"question":"Thank you very much for the detailed reply! I do have one follow up. How is your app download/usage translating to revenue? Is there a free usage or are all users paying customers? What is the average price point (package) that is being purchased? If one were to assume that th...","answer":"At this time we are not generating revenue from the app. You are correct that we are projecting $50-100k per month once we launch live, the monetization portions of the app include subscriptions and In-App-Purchasing, as well as the ability to combine with an Enterprise subscription which start at $5k per month. Our goals with the initial launch of the app were to collect low-quality imagery data to train our algorithms and to create some brand recognition for professional clients. In this ef..."},{"question":"Is your goal an IPO or to get acquired by an Adobe competitor/someone trying to get into this space?","answer":"Hi Calvin, we are building a solid company that can grow and achieve high revenues and return on values for customers and investors. There is a possibility that we will be a target for acquisition by a competitor or partner before we reach IPO levels."}]}}}