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Foyr Ushers in New Leadership and Investment Naming Richard Tarity as President, North AmericaPHILADELPHIA, March 12, 2019 /PRNewswire/ -- Foyr, a Singapore headquartered company and maker of popular software platforms NEO and Storyteller, is now ready to bring their cloud-based subscription offerings to North America. This expansion comes on the heels of raising their Series A in July 2018, after both SRI Capital and Jones Lang Lasalle led a fundraising round of $4.2 million. This was one of the first investments by SRI Capital since it announced the launch of its $100 Million venture fund based in Philadelphia, USA.
"Richard brings substantial and relevant industry experience and has built several mature technology businesses through a combination of growth, strategy, and marketing," said Shailesh Goswami, founder and CEO of Foyr. "Foyr is strongly positioned to solidify its leadership position in the 3D visualization space, and I am excited about the role Richard will play in driving the next phase of Foyr's journey." Tarity is the first senior leaer to join Foyr as they build out their business offerings in North America. "Foyr is well-positioned in the rapidly changing Proptech digital market," said Tarity. "Its people are passionate about building the business, and I look forward to helping champion the next phase of Foyr's growth in the US." Doc Parghi, partner at SRI Capital, added, "We're excited to deepen our commitment to Philadelphia and creating jobs within the region. The growth in and around the Philadelphia region will serve Foyr's global expansion well. We are thrilled to have Richard as a key resource in building out our US operation and expansion into other US cities." Foyr has over 80 employees globally and their offerings currently live in 21 counties including the US, Asia, Australia and Europe. Its patent pending platform combines high quality visualization with artificial intelligence to empower better decision making by "seeing things." The unique thing about Foyr's technology is proprietary compression algorithm which enables heavy virtual worlds to be recreated and run seamlessly on all devices including low powered mobile devices. ABOUT FOYR Foyr (www.foyr.com) offers a cloud-based 3D visualization platform for the real estate and design industry. Foyr has more than 100 Mn SF of space created on its platform delivering over 15,000 3D experiences across its subscribed customer base of 2500+ design and real estate professionals and 150+ property developers.
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