Virtual reality: Virtual reality startup AutoVRse secures $2 million in funding led by Lumikai
Virtual reality (VR) startup AutoVRse said it has raised $2 million in a funding round led by Lumikai. Other investors included Rajat Monga, cofounder of TensorFlow and Inference.io, Viswanathan Krishnamurthi, ex-CIO at Yahoo & Eaton, and Yash Kotak, founder and CEO of Jumper.ai.
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The funds will be used to enhance its foundational enterprise product, VRseBuilder and also to help the startup augment its team with talent, spearhead expansion efforts in the United States, and expand its product suite.
It also plans to set up a business-to-business (B2B) sales team in the US to drive qualified lead generation and facilitate market expansion.
AutoVRse said VRseBuilder is “an end-to-end modular technology stack and software-as-as-service (SaaS) platform to integrate VR into workflows of industries like manufacturing, construction, engineering, oil, and gas, automotive, replacing ineffective manual instruction, among others”.
“Our enterprise solutions offer ready-to-use and modular technology stack with SaaS-enabled deployment for purposes ranging from worker safety training to sales training and remote work design collaborations,” said cofounders Ashwin Jaishanker and Adarsh Muthappa.
They added that their VR tech has been deployed with 51 plants of UltraTech Cements and trained over 50,000 workers in VR. The startup has also provided solutions to companies such as Shell, Godrej, Bosch, Tata Motors, and Aditya Birla Group.
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“AutoVRse’s technology and solutions for enterprises compete with the global best. Their focus on innovation and providing scalable, VR-led solutions for real problems facing heavy industries, coupled with an innovative, state-of-the-art gaming studio, is a powerful combination,” said Salone Sehgal, founding general partner of Lumikai.
Virtual reality (VR) startup AutoVRse said it has raised $2 million in a funding round led by Lumikai. Other investors included Rajat Monga, cofounder of TensorFlow and Inference.io, Viswanathan Krishnamurthi, ex-CIO at Yahoo & Eaton, and Yash Kotak, founder and CEO of Jumper.ai.
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The funds will be used to enhance its foundational enterprise product, VRseBuilder and also to help the startup augment its team with talent, spearhead expansion efforts in the United States, and expand its product suite.
It also plans to set up a business-to-business (B2B) sales team in the US to drive qualified lead generation and facilitate market expansion.
AutoVRse said VRseBuilder is “an end-to-end modular technology stack and software-as-as-service (SaaS) platform to integrate VR into workflows of industries like manufacturing, construction, engineering, oil, and gas, automotive, replacing ineffective manual instruction, among others”.
“Our enterprise solutions offer ready-to-use and modular technology stack with SaaS-enabled deployment for purposes ranging from worker safety training to sales training and remote work design collaborations,” said cofounders Ashwin Jaishanker and Adarsh Muthappa.
They added that their VR tech has been deployed with 51 plants of UltraTech Cements and trained over 50,000 workers in VR. The startup has also provided solutions to companies such as Shell, Godrej, Bosch, Tata Motors, and Aditya Birla Group.
Discover the stories of your interest
“AutoVRse’s technology and solutions for enterprises compete with the global best. Their focus on innovation and providing scalable, VR-led solutions for real problems facing heavy industries, coupled with an innovative, state-of-the-art gaming studio, is a powerful combination,” said Salone Sehgal, founding general partner of Lumikai.
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