AutoVRse, a leading virtual reality (VR) and augmented reality (AR) startup, has recently announced the successful closure of a $2 million seed funding round led by Lumikai.
The company has gained recognition for its cutting-edge VR solutions and has worked with renowned Fortune 500 companies and industry leaders. This investment will fuel the expansion of AutoVRse's enterprise product, VRseBuilder, and support its growth in the United States market.
The primary focus of the funding will be to enhance AutoVRse's foundational enterprise product, VRseBuilder. VRseBuilder is an end-to-end modular technology stack and Software-as-a-Service (SaaS) platform that integrates VR into various industries' workflows. It provides a comprehensive solution for manufacturing, construction, engineering, oil and gas, and automotive sectors, replacing manual instructions and expensive simulation techniques. The platform enables organizations to create, deploy, and manage VR training solutions and applications at scale, addressing critical needs such as safety training and collaborative remote work.
With the investment, AutoVRse plans to double down on its expansion efforts in the United States. The company aims to expand its product suite and team size to accommodate growing demands. By augmenting their team with top-tier talent, AutoVRse intends to further enhance their capabilities and maintain their position as a leader in the VR/AR industry. Additionally, the establishment of a dedicated B2B sales team in the US will facilitate market expansion and drive qualified lead generation.
The company is currently developing District M, the Multiverse Dance Festival—a social, multiplayer, rhythm VR game. District M aligns with AutoVRse's enterprise division, enabling the company to leverage gaming innovations for enterprise product development. The game's demo was launched on the Oculus AppLab two years ago and will soon be available on Meta and PlayStation platforms.
AutoVRse's recent $2 million investment marks a significant milestone for the company as it continues to revolutionize the VR/AR industry. With the expansion of VRseBuilder and the company's presence in the United States market, AutoVRse is poised to deliver innovative VR solutions to a broader range of industries. By combining cutting-edge technology with their in-house gaming division, AutoVRse is well-positioned to shape the future of enterprise VR/AR applications and drive advancements in immersive experiences.