TechCrunch's Matt Burns takes a look a Modsy, a software company that announced today that it has raised an $8 million Series A (a company's first significant round of venture capital financing) to support the launch of its app-based program that will make it possible to redesign your living room without ever leaving it.
According to the company, users will be able to upload four photos of the room that needs refreshing and in a few days time Modsy will serve up VR renderings outfitted with new, purchasable furnishings and accessories.
Right now, there’s a wait list to use Modsy’s beta but the company is gearing up towards a public launch. Pencil + Pixel CEO and founder Shanna Tellerman says the cash will go towards hiring engineering and design talent as well as ramping up its marketing efforts for its launch. The $8m investment brings the company’s total funding to $11.75M.