Question 1

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 ...

Accepted 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 2

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!

Accepted Answer

Hi David! Thank you for your kind words. Part of this raise is to secure our IP. Tim

Question 3

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 ...

Accepted 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 4

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...

Accepted 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 5

Is your goal an IPO or to get acquired by an Adobe competitor/someone trying to get into this space?

Accepted 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.

Mod Tech Labs, Make 3D Easy

A mobile + cloud software that makes 3D in minutes for Web3

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Mod Tech Labs, Make 3D Easy

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