- CEO
- Jacopo Merli
- Sector
- Technology
- Industry
- Software - Application
- Address
- Building C Osborne Park WA Australia 6017
- IPO Date
- Dec 1, 2021
- Business
- Vection Technologies Limited (ASX:VR1; OTC:VCTNY) is an Australia-based enterprise software company that develops and provides artificial intelligence, extended reality (XR), and spatial computing solutions to bridge the physical and digital worlds for industrial clients. Incorporated in 2016 and headquartered in Osborne Park, Western Australia, the company operates globally with offices in Perth, Sydney, San Francisco, Milan, Bologna, Rome, Bari, Abu Dhabi, and Ahmedabad, serving sectors including machinery manufacturing, automotive, aerospace, architecture, engineering and construction, healthcare, pharma, retail, fashion, defense, public sector, and education. Its core products and services encompass Mindesk for VR design review and real-time Unreal Engine rendering of CAD/BIM models; EnWorks for augmented reality-powered visual assistance in training, manufacturing, and maintenance; 3DFrame, a no-code enterprise metaverse application for immersive product presentations; Algho, a no-code conversational AI platform for advanced AI agents; Shelfzone, a SaaS solution for autonomous brand and retail project management; Myr for digital prototyping and industrialization of denim products emphasizing sustainability; Configurator for managing product variations in e-commerce; XRKiosk for in-store 3D/AR customer experiences; 3D modeling and renderings; XR customizations and white labels; metaverse and web 3.0 applications; ICT infrastructure; and point-of-sale kiosks, complemented by professional services in IT software development and outsourced support. Recent developments include the January 2025 settlement of the acquisition of The Digital Box S.p.A. (TDB), adding 3D generative AI and natural language processing capabilities that generated pre-settlement deals such as a $0.5 million Algho sale with Dell, $1.6 million Brexia Med healthcare licensing, $0.5 million railway maintenance appliance, $0.7 million KIOSK integration, and a $1.6 million SolidWorld distribution agreement; a September 2025 announcement to acquire DXLabs for APAC growth in automation and integration with $3.5 million added revenue; October 2024 Quest-IT acquisition for generative AI in XR; 2024 partnership with Dell launching Algho; and earlier integrations like 2023 Invrsion for VR SaaS and 2022 Myr assets for fashion digitalization.