JigSpace Notes
1. Core Products and Services
JigSpace is an augmented reality (AR) platform that allows users to create, view, and
share interactive 3D presentations. These presentations, called Jigs, can be used to
showcase products, explain complex concepts, or simply have fun with 3D models
Core product breakdown:
o 3D Product Presentations: JigSpace is able to integrate 3D models with
annotations, animations, sound, video, and branding from a CAD file. This can
then be integrated into websites and presentations as QR codes or direct links.
Unique selling point:
o Integrated and Optimized Across Devices: Jig hosts everything securely on the
cloud and automatically optimizes the product for whatever device the model is
being shown on – therefore allowing for a seamless and lag-less experience
2. Typical Users/Customers – Product Design and Engineering, Marketing and Sales Departments:
Variety of Customers: Panasonic, Medtronic, Thermo Fisher, Apple, Alfa Romeo F1
Team, PepsiCo (any company that needs to visualize a product is a potential customer to
JigSpace)
3. Competitors:
Direct Competitors in the Augmented Reality Experience Platform Space: Echo3D,
Vectary, PTC Vuforia Augmented Reality SDK, Zapworks/Zappar, Threekit, Sketchfab,
Layar, Augment, Marxent, Wikitude,
4. Public comps:
TTM EV/Revenue Multiple (per Pitchbook)
i. Autodesk (NAS:ADSK) – 8.99x
ii. Dassault Systemes (PAR:DSY) – 7.96x
iii. Matterport (NAS:MTTR) – 1.34x
iv. PTC (NAS:PTC) – 8.98x
v. The Glimpse Group (NAS:VRAR) – 1.19x
vi. Unity (NYS: U) – 7.52x
Median: 7.74x
Average: 6.0x
5. Recent deals:
Zuke acquired by Twig Labs – 09/25/2023, Deal Size: Undisclosed, Later Stage VC
3D Cloud by Marxent raised funding from Lee Arnold – 05/04/2023, Deal Size: 9.26M,
Later Stage VC
Fectar raised funding from Jaap van Engers – 01/25/2023, Deal Size: $2.6M, Later Stage
VC
Gravity Sketch raised funding from Accel – 02/22/2022, Deal Size: $33M, Later Stage VC
RE’FLEKT acquired by PTC – 01/27/2022, Deal Size: Undisclosed
Wikitude acquired by Qualcomm (NAS:QCOM) – 09/15/2021, Deal Size: Undisclosed,
M&A
Niantic raised funding from Coatue Management – 11/22/2021, Deal Size: $300M
SyncSketch acquired by Unity Software – 11/30/2021, Deal Size: Undisclosed, Later
Stage VC
6. Public Company Similar Products
Unity: https://unity.com/solutions/sales-and-marketing
Dassault: https://www.3ds.com/products/3dexcite
PTC: https://www.ptc.com/en/products/vuforia/vuforia-studio
Matterport: https://matterport.com/industries/case-studies/lindner-hotels-improves-
customer-engagement-and-event-planning-matterport
Autodesk: https://www.autodesk.com/products/autocad/overview?term=1-
YEAR&tab=subscription
The Glimpse Group: https://www.theglimpsegroup.com/industry-solutions/marketing
