Immersive tech company VRAI has raised 拢4.1m in a Series A funding round to drive its expansion in the US.聽
The Dublin- and Newcastle-based firm鈥檚 platform integrates with simulation solutions, including VR headsets and traditional simulators, to provide insights into the performance of individuals participating in immersive training.
Its team of 25 has since expanded to provide simulation data to clients including the British Army, Kongsberg, BAE Systems, as well as customers in offshore renewable energy.
The investment was led by transatlantic venture capital firm Beringea and the company expects to double its headcount with the funding, investing further in its product, sales, and marketing functions.
鈥淲e are delighted to announce our latest investment round, which marks a significant milestone in our mission to redefine exceptional human performance through data driven simulation,鈥� said Pat O鈥機onnor, founder and CEO of VRAI.
鈥淲e aim to be global leaders in our niche. This investment will allow us to continue innovating for our existing customers, continue building a talent dense team and growing the company through our new US office.鈥�
Luke Edis, investment director at Beringea, added: 鈥淕lobal industries, particularly defence and aerospace, are increasingly turning to simulated environments to provide training. Gone are the days when individuals had to learn within expensive pieces of equipment – you can now train in simulated environments that are cheaper, safer, and more measurable.
鈥淰RAI is fundamental to ensuring this process is effective. Beringea will be working closely with Pat to drive the next chapter of growth for VRAI, particularly through leveraging our network in the US.鈥�