VANCOUVER, British Columbia, July 14, 2023 (Globe Newswire) — Toggle3D.ai (CSE:TGGL) (OTCPink:TGGLF), an innovative SaaS solution that harnesses the power of generative AI to transform CAD files into 4K 3D models, has surpassed 6,000 users since its product launch in June. This represents a 125% surge in user adoption, positioning Toggle3D.ai as a leading contender in the estimated $160 billion global CGI or computer-generated image application software market.
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Toggle3D.ai sets itself apart from traditional 3D design software by eliminating the learning curve and making 3D design accessible to anyone regardless of technical background. It simplifies the process by providing a human understanding of design terminology, providing guided templates, and using machine learning to make tools easier to use.
It allows users to generate 3D materials from text prompts and benefit from AI-powered image analysis and 3D texturing tools. Also, by utilizing her POLY importer from the powerful CAD, the user can convert his over 1000 megabyte manufacturing files, a significant improvement over his 10x conversion capacity. Being web-based, users can access her Toggle3D.ai instantly in their browser without worrying about downloads, updates or system compatibility issues.
CEO Evan Gappelberg said:Since releasing the beta in late January, Toggle3D.ai has seen impressive growth in user adoption. Our web-based design studio has attracted a diverse audience of designers, developers, 3D artists, entrepreneurs and creators. Valuable feedback from active early adopters, discovering new use cases, and suggesting new features helped shape the development of the platform and strengthen its product-market fit. We are pleased to see the continued increase in user signups and the ability to collect important user behavior data to further accelerate the development process and address critical pain points.”
In June, Toggle3D.ai was spun out by parent company Nextech3D.ai (OTCQX:NEXCF) (CSE:NTAR) (FSE:EP20) and listed directly on CSE, with Nextech3D.ai retaining a controlling interest of 13 million shares or about 45% of the outstanding shares of Toggle3D.ai. In addition, he has 4 million shares distributed to his Nextec3D shareholders.
This was the second successful spin-out of Nextech3D.ai’s spatial computing platform ARway in October, when it again retained control of 13 million shares while distributing 4 million shares to Nextech3D shareholders.
Shares of Toggle3D.ai, which began trading on the CSE on June 14, are currently trading at $1.03. For more information, visit his website at the company. www.Toggle3D.ai, or contact our CEO, Evan Gappelberg at 866-274-8493. For investor information, please contact Julia Viola or Lindsay Betts. investor.relations@toggle3D.ai.
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