Enterprise VR Training Solution Provider Virti Raises 10 Million USD
The global pandemic status has drastically benefited the VR ecosystem, making global investment funding flow more easily to VR startups as remote applications needs increase.
VR training solution provider for organizations, Virti, recently completed 10 million USD Series A fund raising. The investment was led by IQ Capital, with participations from Cedars-Sinai Medical Center, and a new UK venture capital firm.
The funding will allow Virti to expand globally while research and development continues to improve their training platform. The company has seen a 978% growth over the past year, and the company doubling the number of team members.
Virti's core technology enables organization to train staff members on various tasks such as communication, collaboration, and making decisions under pressure via AI powered data analysis and interactive simulations. Organization can create its own training modules with no coding requirements through Virti's cloud based suite. These training modules are designed to analyze user performance through AI computer vision and NLP (Natural Language Processing).
For instance, the NHS incorporated Virti technology to help train employees over COVID-19 response training.
The goal of Virti is to optimize human performance by providing affordable experiential learning for anyone, so that employees can get the best out of their staff members, and improve teams to train and perform via deep learning technology relating to soft-skills.
In the past, training results typically vary depending the who the trainer is, and other environmental factors that may influence the outcome. Furthermore, soft-skills are somewhat subjective, and may vary from person to person. This is why Virti's value proposition helps organizations to integrate evidence based training programs.