Toggle3D.ai (TGGL.CN), a revolutionary SaaS solution harnessing the power of generative AI to convert CAD files, apply stunning 4K texturing, and seamlessly publish superior 4K 3D models announced an important milestone.
Today, the Company announced it has surpassed 10,000 users with a total of 12,900 3D projects since the Company’s June IPO positioning the Toggle3D.ai as a frontrunner in the ~$160 billion global GGI application software market. This accounts for a 300% surge.
Toggle3D.ai CEO Evan Gappelberg commented:
“Passing 10,000 users marks another major milestone for Toggle3D.ai as the platform rapidly gains traction. We are now setting our sights on even faster and bigger growth for Toggle3D as we expand our platform’s product offerings and bring on senior marketing team leaders.” He continued, “We are experiencing exponential growth with hundreds of new users per day and compounding, setting the stage for significant revenue opportunities and many more milestones to be achieved in 2023 and beyond.”
Toggle3D.ai continues to implement its strategic marketing plan for growth an exposure resulting in around 450 new users per day. The approach includes:
- Made the Toggle3D app available in more countries
- Running paid ads in more countries
- Optimizing marketing budget
- Improved SEO strategy
- Organic traffic: the growth as a Company has naturally led to more organic traffic and sign-ups
- Obtaining valuable feedback and building what customers are saying they need, resulting in more product-led growth.
The Company announced the appointment of Anita Matte as the Company’s new Director of Growth Marketing. With an impressive background in B2B subscription business models and a proven track record of success, Anita joins Toggle3D.ai from Amazon, where she played a key role in driving marketing strategies for one of the world’s largest corporations.
Toggle3D.ai’s innovative SaaS solution primarily targets product designers and industrial designers, offering seamless integration with CAD files and the ability to convert CAD to Web 3D Mesh effortlessly. As Toggle3D.ai continues to revolutionize the industry by offering an efficient and user-friendly platform for converting, texturing, customizing, and sharing web-friendly 3D models, its growing user base showcases the platform’s versatility and potential. The Company remains committed to delivering exceptional solutions and actively engaging with its users to drive ongoing innovation.
At time of writing, the stock is up 0.96% for the day and sits at a market cap of $30.06 million.
From a market structure perspective, this stock looks very intriguing. We are clearly in a range phase with the stock bouncing between $0.85 and $1.30. The trigger for momentum would be a breakout above $1.30. It would be a strong breakout which could potentially see the stock fill the gap up to $2.00 which would result in an even bullish melt up.
The breakout remains the trigger, but the stock is above the psychologically important $1.00 price level. If the stock remains above this price, there is a real possibility for a range breakout.
