AutoVRse, an Indian virtual reality (VR) and augmented reality (AR) startup, has successfully raised $2 million in funding, spearheaded by Lumikai, India’s prominent gaming and interactive media-focused venture fund. This substantial investment is poised to propel AutoVRse’s enterprise VR training and gaming solutions to new heights, along with supporting the company’s expansion initiatives in the United States.
About AutoVRse:
Established in 2016 by founders Ashwin Jaishanker and Adarsh Muthappa, AutoVRse specializes in VR and AR technology. The company’s flagship product, VRseBuilder, offers large organizations the capability to create, deploy, and manage VR training solutions globally. With a focus on industries such as manufacturing, construction, engineering, oil and gas, and automotive, AutoVRse integrates VR into various workflows to enhance training, design, and sales processes.
Funding Details:
The $2 million funding round was led by Lumikai, with participation from notable angel investors, including TensorFlow co-founder Rajat Monga, Jumper.ai founder Yash Kotak, and former Yahoo India chief information officer Viswanathan Krishnamurthi. The funds will be strategically utilized to scale up the VRseBuilder product, enabling widespread VR deployment for digital transformation in training, design, and sales workflows within heavy industry and manufacturing enterprises.
AutoVRse has outlined plans to expand its presence in the United States, aiming to establish a dedicated business-to-business (B2B) sales team to drive lead generation and facilitate market expansion. The funds will also contribute to team strengthening and the enhancement of enterprise solutions, including VR safety training modules.
AutoVRse has already made significant strides in the industry, delivering VR solutions to renowned Fortune 500 companies and industry leaders such as Shell, Godrej, Bosch, Tata Motors, Ultratech Cements, and Aditya Birla Group. The company’s VR technology has been instrumental in areas such as worker safety training, sales training, and collaborative remote work design.
Conclusion:
The successful funding round, led by Lumikai, positions AutoVRse as a key player in the VR and AR space. The company’s innovative approach, coupled with its VR training solutions and gaming experiences, has garnered attention and support from industry experts and investors. As AutoVRse sets its sights on global expansion and further development of its VR-OS for enterprises, the funding infusion will play a crucial role in shaping the future of VR technology, both in heavy industries and the consumer market.
