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Portfolio Update: Cityzenith Valuation Jumps on Rapid Progress

Portfolio Update: Cityzenith Valuation Jumps on Rapid Progress
By Andy Gordon
Date July 13, 2020

It’s full speed ahead for Cityzenith. We recommended the digital twin visualization software company to you last August. It’s made tremendous progress in almost 12 months. In fact, so many good things are happening at once, it’s hard to know where to begin. 

So let’s start with Orlando. 

I may be one of the few people who’s visited Orlando without going to any of its theme parks or sporting events. The city has some nice bars and restaurants. But there’s nothing really compelling to keep visitors downtown.

Orlando city officials are finally fixing that problem. And city officials are thinking big. They’re creating a sports and entertainment district to lure tourists in and keep them entertained. And it will be big, bold and ultra-modern. 

The project’s developer, Orlando SED DevCo, describes it as “a highly programmed and amenitized development where residents, visitors and tenants experience the first bundled entertainment, ticketing, hospitality, housing, transportation, food & beverage, wellness, and utilities platform of its kind anywhere in the United States.” 

And Cityzenith is bringing it to life. Phase one of the project has begun. And Cityzenith has already received $1 million for it. The company is using the second iteration of its digital twin technology for the first time here. 

The software is called SmartWorldPro2. It packs a lot more functionality than the earlier version. Its online “virtual 3D tour” is more like a video game experience than a traditional property tour. Visitors can point and click on life-like 3D elements to see sporting event times, retail offers, parking availability, and even the view from their hotel rooms or event seats. 

CityZenith Founder and CEO Michael Jansen has lined up several projects in the U.S. and around the world. But the Orlando project is the ideal showcase for CityZenith’s skills. It clearly shows how Cityzenith’s twin technology can be an incredible tool not only for architects and builders, but for urban planners and consumers/tenants/users too. 

Cityzenith is already a respected name in architectural circles. Now it’s poised to become a household name associated with the most technologically advanced property projects in the country. 

Validation. Booming brand awareness. The seamless meshing of the digital with the physical. All these factors should bring Cityzenith dozens of projects next year and hundreds the year after. “Then I can relax a little,” Michael says. “But for these next dozen projects, including the Orlando one, our execution needs to be perfect. And it will.”

Cityzenith is also acquiring powerful new partners. First up is Epic Games. Epic’s video game engine is ideal for the thousands of data points the digital twin technology handles in its projects. Then it’s on to Microsoft Azure. That partnership  would allow users to access Cityzenith’s twin technology on their Microsoft devices. Michael says he should have 5-8 channel partners by the end of the year.

This is major progress for Cityzenith.. It’s rapidly building momentum. The bright future we envisioned for the company looks a lot closer than it did just a half year ago. And, once again, Cityzenith is asking crowdfunders to invest in its future. 

Cityzenith just began a new raise on StartEngine. It’s an equity raise this time with shares priced at $1.15. Cityzenith’s new valuation is $27.4 million (Cityzenith had a $20 million valuation when we recommended you invest).

The timing couldn’t be any better. This company is going places. And you can still be part of that journey.

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