Nextech3D.ai eyes growth with KraftyLab acquisition - ICYMI

Core Insights - Nextech3D.AI has acquired KraftyLab to enhance its experiential technology platform, aiming to scale operations significantly [1][4] - KraftyLab specializes in virtual team-building experiences for large corporations, boasting a client list that includes major companies like Google, Meta, Netflix, and Spotify [4][5] - The acquisition is expected to leverage AI to automate onboarding processes and expand the number of experiences offered from 100 to potentially thousands [4][7] Company Overview - KraftyLab was founded to create experiences that bring people together, particularly in the corporate sector, which saw increased demand for virtual engagement during COVID-19 [5][6] - The company initially focused on consumer events but pivoted to corporate experiences after recognizing greater opportunities in that market [6] Strategic Synergies - The partnership between Nextech3D.AI and KraftyLab is seen as highly synergistic, with Nextech's AR technology set to enhance KraftyLab's offerings by allowing HR executives to interact with 3D models of team-building kits [7][8] - The collaboration aims to address challenges in visualizing products from various vendors, thereby expanding KraftyLab's capabilities and enhancing global connectivity for clients [8]