Strivr Secures $30M Series B Financing to Accelerate Adoption of VR Training – Road to VR



Strivr, the immersive VR coaching firm, introduced the profitable completion of a $30 million financing spherical, one thing the startup says will assist it additional develop adoption of enterprise-focused immersive studying.

The Collection B financing spherical was led by Georgian Companions, with participation by enterprise capital corporations together with Franklin Templeton, Prologis Ventures, GreatPoint Ventures and Alumni Ventures Group. The newest spherical brings the corporate’s total funding to $51 million.

Strivr is targeted on constructing immersive studying software program utilizing VR headsets. It’s created VR coaching applications for the likes of Verizon, jetBlue, Constancy, GE’s FieldCore, and Walmart, the latter of which was apparently so profitable that the massive field retailer expanded the VR studying program to all of its four,700 nationwide, bringing with it over 17,000 Oculus Go headsets to US-based Walmart shops again in 2018.

Though it now places a serious give attention to retail and industrial coaching, Strivr truly first catered to skilled and collegiate sports activities groups when it was based in 2015 by former Stanford Cardinal kicker Derek Belch and Jeremy Bailenson, the founding director of Stanford’s Digital Human interplay Lab.

“With greater than 1.5 million coaching classes carried out in VR and over 22,000 headsets deployed throughout our buyer base, Strivr has developed the world’s solely end-to-end software program platform for the supply of immersive options to raise workforce studying and efficiency,” stated Belch.

As part of the most recent financing spherical, Strivr takes on its board of administrators Tyson Baber, companion at Georgian Companions.