Didimo

Didimo is a technology company that specializes in automated character creation, providing developers with a platform to efficiently generate customizable 3D characters for the gaming industry. Founded in 2016 and headquartered in Porto, Portugal, Didimo focuses on automated character generation technology. The company has secured funding through a Series A round led by Armilar Venture Partners in October 2022, raising EUR 7. 34 mn.

The founder and CEO is Veronica Orvalho, who has a background in tech entrepreneurship. Didimo has conducted a total of 4 deals to date. Didimo's primary offering is Popul8™, an advanced automated character creation platform designed to facilitate the rapid generation of highly customizable, game-ready characters and crowds. This platform allows developers to automate character creation, dynamically fit assets, and create limitless variations with ease, addressing the growing demand for efficient character design in the gaming industry.

Popul8™ is utilized by a diverse client base that includes both AAA game studios and independent developers, enabling them to produce a wide range of characters from customizable avatars in role-playing games to complex crowd simulations in open-world environments. The technology has been implemented in various geographical markets, particularly in North America, Europe, and parts of Asia, reinforcing its global reach within the gaming sector. Didimo generates revenue through a B2B model, providing its Popul8™ platform to game developers under subscription or partnership agreements. Clients pay for access to the platform, which may involve tiered pricing based on the scale of usage or the range of features required.

The company’s offerings include flagship products such as Popul8™, a tool known for its ability to produce thousands of high-quality, fully-rigged characters efficiently. These transactions typically occur as annual or monthly subscriptions, allowing clients to integrate the character creation tools directly into their workflows. The flexibility of Popul8™ ensures that developers can seamlessly fit new assets across all characters, which enhances the overall value proposition for clients aiming to streamline their character development processes. In October 2022, Didimo secured EUR 7.

34 mn in Series A funding led by Armilar Venture Partners, with participation from Portugal Ventures, Bright Pixel Capital, and Techstars Ventures. The company plans to utilize this funding to hire new talent and bolster its digital experience in metaverse development within the gaming ecosystem. Additionally, Didimo is looking to expand its market presence by targeting new geographical regions, although specific details on these target markets and timelines have not been outlined.