Strivr raises $30M in Series B round to expand VR training offerings
Category: #technology |   By Pankaj Singh |   Date: 2020-04-03

Strivr raises $30M in Series B round to expand VR training offerings

Strivr has recently announced that it has secured $30 million in its Series B funding round that was headed by Georgian Partners. While the round was also joined by the new investors like Franklin Templeton as well as Prologis Ventures.

Several enterprises have been working to fully engage and prepare their employees to do their jobs better . They are utilizing the power of immersive learning to address the challenge at scale which has been recognized with the help of deployments at top firms such as Verizon, FieldCore (GE Company), Walmart and Fidelity.

Apparently, Strivr has been planning to expand the adoption of Immersive Learning with the help of this round. It will be supporting the companies in elevating the performance and workforce engagement.

Derek Belch, CEO and founder of Strivr commented that in VR over 1.5 million training sessions have been conducted and more than 22,000 headsets had been deployed across the customer portfolio of the company. Strivr has created the only end-to-end software platform to deliver all the immersive solutions to better the workforce performance and training.

Belch further added that the company is looking forward to utilizing the new investment round by the Georgian Partners to quickly boost the adoption of  Immersive Learning in the organization and take a further step to connect immersive data to real-world performance enhancement.

According to Strivr, the U.S. Patent and Trademark Office (USPTO) has issued a patent which covers the measurement of the training data within Virtual Reality. Strivr has created an algorithm with the help of the patent in order to predict the performance of the virtual environment and the way it maps the situation in real life. 

The method will cluster several learners into groups basing it on the sensing of data that involves hand, eye and head movements, also a physiological data. Strivr is setting a path for the development of benchmarks by this approach for both developing and learning in VR in a wide range of industries.

 

Source Credit- https://pulse2.com/strivr-30-million-funding/

  • shareShare
  • Twitter
  • Facebook
  • LinkedIn


About Author

Pankaj Singh     Twitter

Pankaj Singh

With a commendable experience of content creation under his belt, Pankaj Singh, a qualified Post Graduate in Management, boasts of having worked as a freelance writer and an insurance underwriter. Additionally, Pankaj has also enriched his qualification portfolio with Read more...

More News By Pankaj Singh

Oil prices hike as China curbs travel rules and US fights winter storm

Oil prices hike as China curbs travel rules and US fights winter storm

By Pankaj Singh

Oil prices reportedly surged to record a three-week high as China lifted its zero-covid policy and extremely cold weather in the United States forced refinery closures along the critical Texas Gulf Coast. Brent crude rose 88 US cents, or 1.1%, to ...

EU accepts carbon market access for $21.3 billion in the energy shift

EU accepts carbon market access for $21.3 billion in the energy shift

By Pankaj Singh

The European Union (EU) policymakers have reportedly agreed to raise nearly $21.3 billion (€20 billion) from the carbon market of that region, to support financing the bloc's strategy to alleviate its reliance on Russia for natural gas in a ...

Joules on the verge of collapse, puts 1,600 employments at risk

Joules on the verge of collapse, puts 1,600 employments at risk

By Pankaj Singh

Leicestershire-based firm Joules, which has 132 stores, revealed its intention to hire administrators after it failed to receive emergency funding. Joules reported last week that recent sales had been slower than expected. Many merchants were faci...