The European Investment Bank and Luxembourg-based 3D scanning developer Artec 3D enter into a long-term partnership with €15 million committed to R&D support over the first three years. The EIB’s venture debt will enable Artec 3D to advance its next-generation 3D scanning technologies and algorithms for processing 3D data, thus supporting critical European technology and innovation. The investments that Artec 3D will pursue into new product and software development activities will also feature the use of AI. The R&D will take place primarily in Luxembourg and partially in Portugal. The EIB financing is supported by the European Commission’s InvestEU programme.