Tech News Summary:
- AutoVRse secures $2 million in funding from Lumikai to enhance its VR training and gaming solutions and expand operations in the United States.
- The funding will primarily focus on enhancing VRseBuilder, an end-to-end modular technology stack and SAAS platform designed to integrate virtual reality into various industries, with the goal of replacing manual instruction and expensive simulation techniques.
- AutoVRse also plans to grow its team, establish a B2B sales team in the US, and continue developing immersive gaming experiences, with support from notable angel investors in the AR/VR space.
AutoVRse, a leading virtual reality (VR) training and gaming solutions provider, has announced today that it has secured $2 million in funding to scale its enterprise VR offerings. The funding round was led by Lumikai, a venture capital firm specializing in the gaming and digital entertainment sector.
AutoVRse is known for its innovative VR training solutions, which have been widely adopted across industries such as automotive, manufacturing, and healthcare. The company’s VR training programs have been proven to enhance learning outcomes, increase retention, and improve overall productivity for businesses.
With the new funding, AutoVRse plans to expand its VR training offerings and strengthen its position in the enterprise market. The company also aims to further develop its VR gaming solutions, tapping into the growing demand for immersive gaming experiences.
“We are thrilled to partner with Lumikai and leverage their expertise and network in the gaming and digital entertainment space,” said Rajesh Chaudhary, CEO of AutoVRse. “This funding will enable us to accelerate our growth and bring our cutting-edge VR solutions to a wider audience.”
Lumikai, which focuses on investing in early-stage gaming and digital entertainment startups in India, sees great potential in AutoVRse’s technology and market positioning.
“AutoVRse is at the forefront of VR innovation, and we believe that their enterprise VR training and gaming solutions have the potential to transform how businesses approach training and engagement,” said Justin Shriram Keeling, Managing Partner at Lumikai. “We are excited to support the company as it scales and continues to push the boundaries of immersive technology.”
The funding round comes at a time when the VR market is gaining momentum, with businesses and consumers alike recognizing the value of immersive experiences. With the support of Lumikai’s investment, AutoVRse is well-positioned to capitalize on this growing market and lead the way in enterprise VR solutions.