Nextech AR Solutions launches ARitize 3D software-as-a-service for e-commerce

The Vancouver, British Columbia-based company is now unveiling its new SaaS pricing model, expanding Nextech’s revenue opportunity into a no-touch service with monthly recurring revenue. Nextech AR Solutions Corp said it has launched its ARitize 3D software-as-a-service (SaaS) offering, extending its 3D/AR model creation to its growing list of customers.

The Vancouver, British Columbia-based company is now unveiling its new SaaS pricing model, expanding Nextech’s revenue opportunity into a no-touch service with monthly recurring revenue (MRR).

By offering a low monthly hosting fee and zero model creation costs, Nextech told its investors that the pricing plans are much more affordable than other platforms, purchasing expensive equipment or hiring artists for individual models.


“This is only the beginning of SaaS for us. After three years Nextech is poised to reap the rewards of all our hard work as we continue with the transition of integrating into one unified suite of products implementing our low-cost scalable SaaS business model,” said Evan Gappelberg, Nextech AR CEO, in a statement.

He added: “All of our SaaS offerings will live inside our Metaverse Studio which will open up ARitize 3D to the world. Our goal with all our 3D technology is to populate the Metaverse with 3D models and AR visualizations.”

Initially offered only as a managed service to large enterprise companies, the company said it is confident that it is now offering the same solution as a self-serve SaaS tool for anyone to leverage. This opens up the technology to anyone with an e-commerce site, allowing them to offer webAR shopping experiences on their website.

The company believes that this is the AR industry’s first true self-service AR SaaS platform which offers scalability, affordability, and ease of use.

Nextech AR shared a timeline of its SaaS integration. The investors will be able to see Shopify (TSX:SH., NYSE:SHOP) integrated in December 2021, WooCommerce in the first quarter of 2022, and Magento in the second quarter of 2022.

“The rollout of these plugins will rapidly expand our 3D/AR model creation reach into thousands of eCommerce websites, showcasing Nextech’s major technological breakthroughs in both 3D model making and mass AR integration,” said Nima Sarshar, Nextech AR chief technology officer. “This is the first of its kind in the AR 3D model industry and we are proud to be able to bring what was once reserved only for the big players, to all eCommerce sites globally”.

In 2022, Nextech AR will continue to build out its technology to support the expansion of its SaaS strategy. Recently, Nextech announced its plans to launch its “ARitize Metaverse Studio” SDK as a SaaS offering.

SaaS integration has enormous implications for scalability and the company’s future revenue growth, the company said. With its continuing SaaS rollout, the company will continue to move away from its managed solutions and move toward monthly recurring revenue (MRR), business scalability, and low to no-touch AR for e-commerce.

This article was originally published on proactiveinvestors.

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