Virtualitics Secures $18 Million To Scale Defense Industry Support And Expand Commercial Market With Ai-Driven Analytics And 3D Visualization Technology

Virtualitics Inc., a leading AI-driven data analytics software company, today announced the close of a new $18 million Series B funding round led by North Sound Ventures. The funding will be applied to expand Virtualitics’ business with the defense industry as well as accelerating and increasing engagements in commercial markets, including use cases in healthcare, finance, industrial IOT and motorsports with several Fortune 500 companies. Additionally, Brian Miller, Chief Investment Officer of North Sound Partners, has joined Virtualitics’ Board of Directors, marking the beginning of a partnership where North Sound Partners and other strategic investors will bring a wealth of knowledge on the commercial enterprise software market.