AutoVRse Raises $2 Million in Seed Funding for Enhancing Its SaaS Product

VR/AR startup AutoVRse has raised $2 million in seed funding led by Lumikai. The company will use this funding to enhance its foundational enterprise SaaS product, VRseBuilder.

VR/AR startup AutoVRse recently announced that it has successfully secured $2 million in seed funding, with Lumikai leading the round. Notable investors include Rajat Monga, the co-founder of TensorFlow and Inference.io, as well as Yash Kotak, the founder of Jumper.ai.

The company plans to utilize this capital infusion to further develop its foundational enterprise SaaS product, VRseBuilder.

“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,” said Ashwin Jaishanker, and Adarsh Muthappa, co-founders of AutoVRse.

According to the company, AutoVRse’s enterprise solutions provide a world-class, ready-to-use, modular technology stack with SaaS-enabled deployment. These solutions cater to a variety of needs, from worker safety training to sales training and remote work design collaborations. The company aims to create a VR-OS (Virtual Reality Operating System) for enterprises while also delivering engaging, social, and enjoyable experiences for consumers.

Additionally, AutoVRse intends to intensify its expansion initiatives in the United States, broaden its product range, and augment its team size. The company plans to establish a B2B sales team in the US to boost qualified lead generation and facilitate market expansion.

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”.

About AutoVRse:

Established in 2016 by Adarsh Muthappa and Ashwin Jaishanker, AutoVRse specializes in developing tailor-made VR/AR applications for enterprises seeking to harness this technology for experiential marketing, training, skill enhancement, and design reviews. The company has been at the forefront of transforming VR for safety and learning within Fortune 500 corporations.

VRseBuilder is a VR application creation and management platform designed for enterprises, with a particular emphasis on industrial training. The platform is built on four key pillars: a comprehensive content library, a VR-native Learning Management System (LMS), a Deployment Platform & Knowledge Repository, and a Unity SDK that requires no coding. These features streamline the creation and deployment of VR applications on a large scale.

(Image Source: AutoVRse)

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