AutoVRse, a startup specializing in virtual and augmented reality, raised $2 million in a funding round, with Lumikai taking the lead. Additional investors include Rajat Monga, co-founder of TensorFlow and Inference.io, Viswanathan Krishnamurthi, former CIO and VP at Yahoo & Eaton, and Yash Kotak, founder and CEO of Jumper.ai.
This funding infusion aims to elevate AutoVRse’s core enterprise product, VRseBuilder. The capital will also facilitate team expansion, drive the company’s growth initiatives in the United States, and broaden its product offerings.
AutoVRse has outlined its strategy to establish a dedicated business-to-business (B2B) sales team in the US, focusing on generating qualified leads and fostering market expansion.
AutoVRse said the product is “an end-to-end modular technology stack and SaaS platform to integrate virtual reality (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 co-founders Ashwin Jaishanker and Adarsh Muthappa.
Moreover, the startup‘s VR technology has been successfully implemented in 51 UltraTech Cements plants, training over 50,000 workers in virtual reality. AutoVRse has also extended its solutions to notable companies such as Shell, Godrej, Bosch, Tata Motors, and Aditya Birla Group, among others.
