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Virtual reality startup AutoVRse secures $2 million in funding led by Lumikai

Feb 20, 2024•over 1 year ago

Amount Raised

$2 Million

Round Type

seed

BengaluruInformation Technology

Investors

Yash KotakViswanathan KrishnamurthiRajat MongaLumikai

Description

Virtual reality (VR) startup AutoVRse has secured $2 million in funding led by Lumikai, with other investors including Rajat Monga, Viswanathan Krishnamurthi, and Yash Kotak. The funding will be used to enhance its enterprise product, VRseBuilder, and expand its team, as well as spearhead expansion efforts in the United States, and develop its product suite. The company also plans to set up a business-to-business (B2B) sales team in the US to drive qualified lead generation and facilitate market expansion.

Company Information

Company

AutoVRse

Location

Bengaluru, Karnataka, India

About

Since 2016, AutoVRse has been revolutionizing VR for safety and learning at Fortune 500 companies. Today, AutoVRse is introducing VRseBuilder, a VR app creation and management platform for enterprises, with a focus on industrial training. VRseBuilder’s four pillars – readymade content library, VR-Native LMS, Deployment Platform & Knowledge Repository and a no-code Unity SDK – simplify large scale creation and deployment of VR apps. With an eye on the global gaming consumer market, our game studio team is developing District M, a VR rhythm platformer set to be a Multiversal Dance Festival. AutoVRse’s 75+ employees are dedicated to building a metaverse-defining company by impacting lives with its enterprise solutions and spreading pure joy with their VR game.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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