Silversky3D

What Silversky3D does

Silversky3D (legal entity Silversky3D VR LTD, Cyprus Company Registration HE331119) is a Nicosia-headquartered VR/AR studio founded in 2014 that builds immersive experiences across training and validation, education and research, game development, custom app development, VR hardware rental, and corporate events. The underlying technology stack covers 3D modeling, photogrammetry (including drone-based capture), 360-degree content, and standalone-headset VR development (Meta Quest and similar platforms), with integrations of biometric feedback for therapeutic scenarios. The customer base spans Cypriot enterprises (CYTA flagship-store and 5G experiences, Hellenic Bank, ARLA, Ogilvy), EU-funded research consortia (Horizon 2020 projects CLIPE, Neo-PRISM-C, Erasmus+ VRIN and Level UP, EnterCY tourism platform), government and NGOs (UNDP Cyprus Digital Heritage, Cyprus Pedagogical Institute, Cyprus Planetarium), and SMB/agriculture (Oros Maxaira honey farm). Two specialized spin-off companies have been commercialized from project IP: Mentis VR (goalkeeper training, used by professional football clubs) and Immerseav (maritime VR safety training in partnership with Prevention At Sea).

The business model is primarily project-based professional services with quote-based, multi-year contracts and recurring enterprise clients, supplemented by hardware rental and event-service revenue. Silversky3D monetizes its own IP through spinoff equity/licensing economics rather than direct product SaaS revenue, with EU research consortia acting as both a revenue channel and a credibility engine. The 10+ person team is led by CEO Alexandros Andreou and includes a Lead Technical Artist, Senior Developer, Senior 3D Artist, and Chief of Operations, supported by agency partners MSPS and Black Dog for marketing-led engagements and consortium collaborators including CYENS, University of Cyprus, INRIA, UCL, Trinity College Dublin, Max Planck, KTH, and Universitat Politecnica de Catalunya.

The company is actively recruiting, indicating pipeline pressure, and has won regional recognition including the 2025 Innovation in Advertising Award in Greece for the CYTA 5G VR experience. Geographic reach is anchored in Cyprus with EU research consortium extension into broader EMEA; the firm's value proposition rests on translating specialized domain knowledge (maritime safety, sports performance, phobia therapy, cultural heritage) into deployable immersive products for clients who lack in-house VR capability.

Name

Silversky3D

Legal name

Silversky3D VR LTD

Website

https://silversky3d.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Silversky3D is a Nicosia, Cyprus-based VR/AR studio (founded 2014) that builds custom immersive experiences for enterprise training, education, research, corporate events, tourism, and heritage preservation, serving clients such as CYTA, UNDP, and EU-funded research consortia.

Ownership category

akta.pro rank

Product category

Immersive VR/AR Development Services

NAICS

Computer Systems Design and Related Services (54151), Graphic Design Services (54143), Industrial Design Services (54142)

SIC

Services-Motion Picture & Video Tape Production (7812), Services-Mailing, Reproduction, Commercial Art & Photography (7330), Computer Peripheral Equipment, Nec (3577)

akta.pro primary industry

VR-Based Skills Training Simulations (Soft Skills, Customer Service, Leadership) (EDAFAJAA)

akta.pro secondary industries

Digital Twins & Scenario-Based Systems Training (Equipment/Process Simulators) (EDAFAJAJ), Immersive/Interactive Animation (AR/VR/Real-Time) (MPAHACAN)

Keywords

• Virtual reality development
• Augmented reality experiences
• Immersive training simulations
• 3D photogrammetry services
• VR game development

Headquarters

HQ city

Nicosia

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Custom VR/AR Development: Project-based custom development of immersive VR and AR experiences tailored to client needs across various industries including telecommunications, education, maritime, and tourism.
2. Rental Equipment: VR equipment rental services for events, corporate functions, and temporary installations.
3. Events Services: VR experiences designed and developed specifically for corporate events, product launches, and promotional activities.
4. Spinoff Product Development: Creation of spinoff companies from successful projects (Mentis VR for sports training, Immerseav for maritime safety) that develop full products from proof-of-concept VR applications.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Silversky3D designs and develops custom virtual reality and augmented reality applications, including immersive training simulations, 3D visualizations, interactive games, and digital twins built using photogrammetry and 360-degree capture. The company delivers projects for corporate, government, and research clients across telecommunications, education, maritime safety, sports training, tourism, and cultural heritage, and also rents VR equipment and provides on-site event services.

Product overview

Silversky3D is a VR/AR technology company offering a comprehensive portfolio of immersive experience products and services. The core offerings include Virtual Reality Experiences, Augmented Reality Experiences, Game Development, App Development, Rental Equipment, Events Services, Training & Validation, and Education & Research. Key notable projects include Mentis VR (a goalkeeper training spin-off), ImmerSEAv (maritime safety spin-off), CYTA Flagship Store VR, CYTA 5G experience, Mindfulness VR, EnterCY (tourism platform), RELIEF (phobia therapy), and various EU-funded research projects. The company primarily serves corporate clients, educational institutions, and research organizations across Cyprus and Europe.

Differentiator

Problem solved

Functional benefit

Brands

• Mentis VR: Goalkeeper VR training spinoff company developed from Silversky3D's proof of concept for professional goalkeeper reaction time and decision training.
• Immerseav

Products and services

• Virtual Reality Experiences Custom-built immersive VR experiences tailored for industries including retail, education, training, and cultural heritage. Experiences run on standalone VR headsets and collect usage metrics. Sold as project-based engagements to enterprise clients.
• Augmented Reality Experiences
• Game Development
• App Development
• Rental Equipment
• Events Services
• Training & Validation
• Education & Research

Quantifiable outcome

• CYTA 5G VR experience won Innovation in advertising award in Greece
• +4 more outcomes

Named customers16 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core, flagship and minor.

• Mentis VRcoreStrategic or Co-development Partner · 1 January 2025Spinoff company created from goalkeeper training VR proof-of-concept developed for Urko Pardo. Silversky3D collaborated to develop the initial prototype which led to Mentis VR securing significant funding to develop a full product. Mentis VR now trains goalkeepers at professional level including Cyprus football clubs and some international clubs.
• ImmerseavcoreStrategic or Co-development Partner · 1 January 2025Spinoff company created from maritime VR safety training partnership with Prevention At Sea. Developed multiple POC scenarios including Lifeboat safety, FireSafety, and Lifeboat release procedures. Immerseav now offers centralized distribution platform with metrics and team management for maritime VR safety training.
• CYENS (Kyriakos Larmos team)flagshipStrategic or Co-development PartnerCollaboration with CYENS research center for RELIEF project - VR exposure therapy for phobias with biometric feedback. Silversky3D developed VR scenarios while CYENS provided front-end design and therapist management system.
• MSPScoreGTM or Marketing PartnerMarketing and Sales Services Agency - leading innovative marketing agency that approached Silversky3D for CYTA 5G VR conference experience. Partnership for promotion of CYTA's 5G vision.
• Black Dog AgencyminorGTM or Marketing PartnerCreative agency partnership for CYTA 5G project providing 2D graphics elements for the VR experience.
• CLIPE NetworkflagshipStrategic or Co-development PartnerPart of CLIPE (Creating Lively Interactive Populated Environments) network - EU-funded training network for virtual characters simulation and animation. Network includes: University of Cyprus, Universitat Politecnica de Catalunya, INRIA, University College London, Trinity College Dublin, Max Planck Institute for Intelligent Systems, KTH Royal Institute of Technology, Ecole Polytechnique.
• EnterCY ConsortiumflagshipStrategic or Co-development PartnerLarge consortium project for interactive digital content at 100+ tourist sites in Cyprus. Partners include ACTA, DoA, CyRIC, Frederick, imh, DMoT, SS3D, CTGA, UCY. Delivered 40 360 tours, 90 3D photogrammetry models, 6 3D reconstructions of archaeological sites.
• Prevention At SeacoreStrategic or Co-development PartnerFront-runner in maritime services that approached Silversky3D for lifeboat safety VR training. Initial Lifeboat POC led to three more POC scenarios including FireSafety and Lifeboat release procedures, eventually forming Immerseav.
• CytacomcoreStrategic or Co-development PartnerICT partner for CYTA Flagship Store VR experience development.
• Level UP ConsortiumcoreStrategic or Co-development PartnerResearch collaboration with Dr. Marios Theodorou in Psychology and European partners (UCY, VUA, UJA, UOC) for soft skills development web app.
• CYENScoreStrategic or Co-development PartnerResearch collaboration for Cyprus Digital Heritage project with UNDP funding.
• The Cyprus PlanetariumminorStrategic or Co-development PartnerDeveloped solar system VR experience as house-warming gift for Cyprus Planetarium.

Scale indicators2 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Unity Technologies: Dominant real-time 3D development platform used to build immersive VR/AR experiences; broad incumbent whose tooling, store policies, and enterprise solutions shape the addressable market for Silversky3D's custom development work.
• Meta (Quest / Reality Labs): Major VR hardware and platform provider whose Meta Quest headsets underpin Silversky3D's standalone VR development; a broad incumbent rather than a direct competitor but sets the ecosystem on which the company depends.

Direct peers

• REWIND: UK-based immersive content studio specializing in VR, AR, and mixed reality experiences for enterprise, broadcast, and training clients; comparable as a similarly-sized boutique VR/AR services firm competing in the same custom immersive content category.
• STRIVR: VR training platform serving sports performance and enterprise learning use cases; comparable to Silversky3D's sports training (Mentis VR goalkeeper work) and corporate training offerings.
• Talespin: VR-based enterprise training platform focused on workforce development and skills training; comparable to Silversky3D's VR training simulations across safety, maritime, and corporate learning use cases.
• Mursion: VR-based immersive training simulations for soft skills, leadership, and customer service; directly comparable to Silversky3D's VR-Based Skills Training Simulations segment.
• UNIT9: Global creative technology studio producing immersive VR/AR experiences, branded content, and interactive installations for enterprise marketing, training, and events; directly comparable to Silversky3D's project-based custom VR/AR development across telecom, advertising, and event clients.
• PIXO VR: Enterprise VR training company that designs and delivers immersive soft-skills and procedural training simulations; directly comparable to Silversky3D's Training & Validation segment, including their Level UP soft skills project.
• Immerse: VR enterprise training platform for language, soft skills, and operational training delivered via custom simulations; directly comparable to Silversky3D's Level UP soft skills and EU-funded training work.

Emerging players

• Arloopa: AR/VR/XR solutions provider focused on custom enterprise applications and digital twins; comparable to Silversky3D's digital twin photogrammetry work for tourism and heritage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/silversky3d
• LinkedInlinkedin.com/company/silversky3d-virtual-reality-technologies-ltd
• Instagraminstagram.com/silversky3d
• Xx.com/silversky3D

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Silversky3D