Galway, Ireland-based Tr3Dent, a provider of business ecosystem modeling software, has raised $350,000 in funding. The investors were Intermedia, xiVENTURES Fund Inc and Enterprise Ireland.
GALWAY, Ireland – November 16, 2017 – Tr3Dent, the industry’s leading provider of business ecosystem modeling software that empowers digital transformation in the enterprise, today announced it has secured US$350,000 in financing from Intermedia, xiVENTURES Fund Inc. and Enterprise Ireland.
The funding round is expected to enable Tr3Dent to advance development of its market-shifting business ecosystem modeling platform, further expand its channel partner network and drive its business development and marketing efforts globally, particularly in North America. Intermedia and xiVENTURES Fund Inc. participated in the financing as did Enterprise Ireland, which nominated Tr3Dent to its High Potential Start-Up Funding (HPSU) program.
“The market for disruptive technologies that fuel impactful digital transformations is growing exponentially,” said Kevin McCaffrey, founder and CEO of Tr3Dent. “We are determined and confident that our unique value proposition, collaborative approach and differentiating technology position us to take the lead in this emerging market, while greatly improving the rate at which innovative organizations can roll out transformative digital services that support their global missions.”
According to IDC, the global Digital Strategy Service market reached $60 billion in 2016 and is growing at 10 percent compound annual growth rate (CAGR). Tr3Dent has been aggressively targeting a $1.2 billion currently addressable market via direct, channel partner and original equipment manufacturer (OEM) sales channels.
Tr3Dent’s flagship product is a collaborative software platform that greatly simplifies the design and management of new and innovative business models and ecosystems. Leveraging Tr3Dent’s expertise in visualization technology, the platform enhances cross-organizational productivity and collaboration, organizes and visualizes complex information, and designs and manages new business models and ecosystems required for delivering new and innovative digital services.
“Tr3Dent’s unique approach to business ecosystem modeling software has not only positioned Tr3Dent as the market leader in this field, but also cemented its potential to scale internationally and increase its market reach globally,” said Joe Healy, divisional manager, High Potential Start-Ups, Enterprise Ireland. “A primary objective for Enterprise Ireland is to support Tr3Dent and companies like it, on this type of entrepreneurship journey; from start-up and innovator, to leader in an international market. Tr3Dent is a perfect example of an innovative company with global ambition, and Enterprise Ireland will continue to work closely with Tr3Dent to support its growth ambition and enhance its international customer base, particularly in North America.”
“We are proud to support Tr3Dent and its interactive platform that is helping enterprises to rapidly adapt and evolve their digital businesses,” said Mario Val, CEO of Intermedia, an enterprise software and business analytics firm headquartered in Montevideo, Uruguay. “As a strategic planning tool, Tr3Dent’s platform is a must-have for any business looking to make its mark in the digital economy.”
“Enterprises are struggling to develop new business models and find the right strategies for being successful in the digital revolution,” said Mike Hamilton, president of xiVENTURES Fund Inc. and managing director of xiBOSS Corporation, a talent procurement, business consulting and startup advisory firm based in Toronto. “Tr3Dent’s ecosystem modeling platform helps solve this problem by helping enterprise teams manage all the information required to create a successful digital business.”
Headquartered in Galway, Ireland, Tr3Dent products are already in use at more than 100 enterprises around the world in a variety of industries, including management and IT consulting, high technology, telecommunications, Smart Cities and Internet of Things (IoT), and utilities, among others.
Tr3Dent is the provider of the industry’s leading business ecosystem modeling platform for achieving successful enterprise digital transformations. Leveraging the company’s expertise in visualization technology, Tr3Dent’s software platform enables cross-organizational productivity and collaboration while simplifying the organization, design and management of the complex information required to enable successful digital transformations in the enterprise. Founded in 2014 and based in Galway, Ireland, Tr3Dent serves more than 100 enterprises around the world in management and IT consulting, high technology, telecommunications, Smart Cities and Internet of Things (IoT), and utilities, among other industries. For more information, visit www.tr3dent.com and follow on Twitter @tr3dent.