Shutterstock acquires 3D Models website TurboSquid for $75M - signals that future photography without camera

Shutterstock, Inc., a leading global creative platform announced that it pays $75 million, to acquire TurboSquid, Inc., positioning Shutterstock as the world’s largest 3D marketplace. Shutterstock’s investment in this sector indicates that photography won’t always involve cameras in future. For over 20 years, TurboSquid has been a 3D industry leader, offering a unified 3D workflow, and operating a marketplace offering of more than one million 3D models, a 2D marketplace derived from 3D objects, and a digital asset management solution offered on a SaaS basis. Since its inception in 2000, TurboSquid has enabled the creation, optimization, publishing and monetization of 3D models, while accelerating time to market and reducing development hours via its proprietary technology. Stan Pavlovsky, CEO of Shutterstock said that they are constantly at the forefront of innovation and monitoring the creative roadmap through their clients. The growth of 3D, AR and VR content and the potential to engage consumers with this disruptive technology is at an all-time high, and TurboSquid’s industry-leading platform allows us to make the distribution of 3D accessible to Shutterstock’s community of creators and marketers across video, gaming, e-commerce, and beyond.

“Nobody in the world understands the creative landscape better than Shutterstock”, said Matt Wisdom, CEO of TurboSquid. The visionary leadership and tech innovation make it the perfect place for TurboSquid and its employees to continue what we do best - creating and building a 3D powerhouse and cloud-based digital asset management solution, he added. TurboSquid’s PixelSquid offering provides access to content sourced from 3D models in an easy-to-use 2D format, which allows users to tap into the power and flexibility that comes with 3D. Overall the acquisition of TurboSquid establishes Shutterstock as the premium destination for 3D models.

Get it 3D Models Here: Shutterstock Turbosquid