(NewsDirect)
Nextech3D.ai CEO Evan Gappelberg joinedSteve Darling from Proactive to share news the company has officiallyestablished its office space in Hyderabad, India, as part of astrategic initiative aimed at expanding profit margins andsignificantly reducing overhead costs.
This move is expected to result in annual savings of up to $4million for the company.
Gappelbergnoted that the initiative in Hyderabad will be led by Hareesh Achi,who brings valuable experience from his previous roles at Microsoftand Meta. Hyderabad is a particularly interesting location for thisexpansion because it has emerged as a powerhouse in the Indianstart-up landscape, hosting a significant number of tech start-ups,totalling 4,369 from 2014 to 2023.
This vibrant ecosystem offers great potential for Nextech3D.aito thrive and expand its operations and aligns with its shift infocus. The company is now exclusively dedicated to high-scaleproduction for its 3D modeling business, particularly in collaborationwith Amazon and other enterprise accounts.
Nextech3D.ai has transitioned away fromserving small e-commerce clients that require a limited number of 3Dmodels and is now prioritizing large enterprise clients, reflectingits commitment to growth and scalability.
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