Shin Software Company Profile
Background
Overview
Founded in 2011, Shin Software is an Italian IT company specializing in interactive 3D solutions for businesses. The company's mission is to integrate the engagement and interactivity of the gaming world into business processes, thereby enhancing customer-product relationships. Operating from Lesa, Italy, Shin Software has established a global presence with teams in strategic locations such as Ukraine, Canada, China, and India.
Mission and Vision
Shin Software aims to facilitate digital transformation across industries by providing scalable, photorealistic, and flexible 3D solutions that require no coding skills. Their vision is to become the reference company for interactive 3D consultancy and design, enabling businesses to create immersive digital experiences.
Key Strategic Focus
Core Objectives
- Digital Transformation: Assist companies in transitioning to digital platforms by offering interactive 3D solutions that enhance customer engagement and streamline business processes.
- Scalability and Flexibility: Provide a cloud-native platform capable of handling extensive product catalogs and deploying applications across multiple devices without the need for specific versions.
Areas of Specialization
- Interactive 3D Applications: Development of web-based platforms that convert CAD files into interactive 3D renderings, allowing users to explore products intuitively.
- Digital Twin Technology: Creation of virtual replicas of physical objects to enable advanced simulations, improving operational efficiency and reducing environmental impact.
Key Technologies Utilized
- SHOWin3D Platform: A proprietary, codeless 3D Platform as a Service (PaaS) that allows the creation of interactive 3D projects in real-time, device-independent environments.
- AWS Cloud Services: Utilization of Amazon Web Services to ensure a scalable, serverless, and microservice-based architecture.
Primary Markets Targeted
- Manufacturing
- Fashion & Luxury
- Automotive
- Machinery
- Nautical
- Furniture
- Mechanical Automation
- Architecture
- Medical
- Packaging
These sectors benefit from Shin Software's ability to create interactive catalogs, virtual showrooms, and product configurators.
Financials and Funding
Funding History
- Equity Crowdfunding (June 2015): Raised $437.1K, leading to a post-money valuation of approximately $874.1K.
Revenue Growth
- 2021: $1.1M
- 2023: $2M
- 2024: $2.9M
This consistent growth reflects the company's expanding user base and increasing adoption across various industries.
Technological Platform and Innovation
Proprietary Technologies
- SHOWin3D: An advanced Content Management and Application Building platform that enables the creation of interactive 3D services from existing CAD files without coding skills.
Significant Scientific Methods
- Digital Twin Technology: Utilized to create virtual replicas of physical objects, allowing for advanced simulations and real-time monitoring to improve operational efficiency and reduce environmental impact.
Leadership Team
Stefano Provenzano
- Position: Founder, Chief Executive Officer, and Chief Technology Officer
- Background: Studied Computer Science at the University of Milan; began his career as a 3D game creator and later served as an advisor for international companies.
- Contributions: Founded Shin Software in 2011, leading the company in developing innovative 3D solutions for business applications.
Emanuele Zinna
- Position: Chief Marketing Officer and Marketing & Sales Executive
- Background: Details not specified.
- Contributions: Oversees marketing strategies and sales operations, contributing to the company's growth and market presence.
Competitor Profile
Market Insights and Dynamics
The interactive 3D software market is experiencing significant growth, driven by increasing demand for digital transformation and immersive customer experiences. The global market for Digital Twin technology is projected to reach $61.45 billion by 2027, indicating substantial opportunities for companies like Shin Software.
Competitor Analysis
- Pointerra
- Focus: 3D data solutions for digital asset management.
- Revenue: $2.1M
- Funding: $9.6M
- Team Size: 28
- Location: Australia
- Cylindo
- Focus: Immersive 3D experiences for furniture companies.
- Revenue: $2.1M
- Funding: $3M
- Customers: 10M
- Team Size: 92
- Location: United States