Cemtrex makes strategic investment in MasterpieceVR

Cemtrex announced a strategic investment into MasterpieceVR, the developer of a professional desktop and VR application suite that offers 3D content creation tools, primarily for virtual reality. Due to the competitive nature of the transaction, financial terms were not disclosed by both parties. MasterpieceVR, based in Ottawa, Canada, is a technology company that is developing the most intuitive and powerful software for content creation using virtual reality. Currently, creative professionals worldwide are challenged in creating even basic 3D visual content because existing software is too complex and slow to use, creating a significant unmet market. Thanks to advances in machine learning and virtual reality, MasterpieceVR's software platform is the first end to end solution to enable any creative professional to make 3D content fast and easy. Masterpiece Studio has partnered with leading technology companies and its software is used by a host of the world's major studios. Cemtrex completed the minority equity investment in Masterpiece Studio in November using existing cash on hand.