AutoVRse, a young team building world-class VR/AR applications has raised $2 Million in Seed Funding round led by Lumikai and other investors included Rajat Monga, co-founder of TensorFlow, and Inference.io Yash Kotak, founder and CEO of Jumper.ai, Deepak Kumar, Chief Customer Officer at Observe.AI and early investor at Fractal, Dhiraj Bansal, Managing Director at Accenture, and Viswanathan Krishnamurthy, ex-CIO/VP at Yahoo & Eaton.
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The funding will be utilized to accelerate the company’s enterprise solution, “VRseBuilder“, which will allow VR to be deployed widely and revolutionize training, design, and sales processes for businesses in heavy industry and manufacturing. In addition, it plans to increase the number of its workforce and product line, in addition to intensifying its efforts to grow in the US. In order to promote quality lead creation and enable market development, it plans to establish a B2B sales staff in the US.
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“VR wields transformative potential across diverse industries. Our enterprise solutions focus on increasing the sense of safety and making work and training fun, especially for factory workers, who are at the core of all large-scale manufacturing companies. With the help of this funding, we will be able to use VRseBuilder to its full potential, and we can also present District M to the world. As we continue to push the limits of immersive technologies, we are in for an exciting journey”.
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Salone Sehgal, founding general partner of Lumikai, said, “AutoVRse’s technology and solutions for enterprises compete with global best. Their focus on innovation and providing scalable, VR-led solutions for very real problems facing heavy industries coupled with their innovative, state-of-the-art gaming labs is a powerful combination in building a world leader in VR experiences. At Lumikai, we are super excited to be lead investors and partner with Ashwin, Adarsh, and the AutoVRse team to build a world-class, enduring AR/VR company”.
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About AutoVRse
Founded in 2016 by Adarsh Muthappa and Ashwin Jaishanker, 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.
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