3D video technology has been around for more than 20 years and was once touted as the future of animation but has since been eclipsed by digital capture and processing techniques.
Irish startup Wixx has announced it is seeking €10million ($14.5m) in funding to develop a new 3D software for its video app.
Wixx aims to be the first 3D application to support full 360-degree motion.
Its main goal is to be “the most advanced and comprehensive 3D rendering engine on the market” according to the company.
WaxX will also be the “first application in the world to support stereoscopic 3D.”
WixX is developing a new rendering engine based on “new physics engine”, which the company claims will be capable of rendering at 4K resolution.
It is also looking at a number of other technologies including 3D-to-HDR, and the company is currently working on a mobile app that will allow users to capture and process 3D images in a variety of formats.
The app is not the only new 3d app on the App Store.
Snapchat announced in April it had partnered with WixX to develop an application that would allow users on iOS and Android to interact with 3D imagery captured by a camera on their smartphone.
The company is aiming to deliver its application in 2019.
Wexx has been working on its software for several years, with its first app launched in 2006 and developing software for the iPhone for a short period in 2008.
In 2014, Wixox co-founder Daniel O’Reilly said the company had already made a huge impact in the software space, saying the company’s software could revolutionise the way companies make 3D content for mobile.
“We have the potential to revolutionise 3D in the industry,” he said.
“In terms of making 3D work on mobile, there is no better software out there than Wixix, and we’ve got a pretty good track record.”