Vrgineers raises $6 million in Collection A funding

November 30, 2023 – Vrgineers, a supplier of next-generation digital and blended actuality (VR/MR) pilot coaching techniques, has this week introduced that it has acquired an funding of  USD $6 million in Collection A funding, which the corporate said will assist to speed up its progress.

Vrgineers said that with the newly acquired funding, it’s planning to develop its product portfolio, which is able to embrace the announcement of a brand new model of its XTAL digital actuality headset (pictured above) later this yr. Moreover, Vrgineers will search to safe progress in new markets.

The funding spherical, led by Taiwania Capital, included participation from present buyers, together with Nation 1, which elevated its share by $500,000. Vrgineers said that the monetary backing is a testomony to the corporate’s imaginative and prescient and shared dedication to “driving transformative change throughout the technological trade.” Vrgineers additionally famous that it’s the first firm within the Czech Republic to obtain funding from Taiwania Capital.

“We’re impressed by how Vrgineers built-in essentially the most superior VR/MR headsets with cutting-edge flight simulation software program to ship uniquely positioned pilot coaching simulators,” stated Mitch Yang, Managing Accomplice of CEE Fund at Taiwania Capital. “The Vrgineers’ techniques provide a totally immersive coaching expertise with improved high quality that can be very cost-effective. We sit up for working carefully with Vrgineers and to attach them with Taiwan’s aerospace trade as they enter a section of fast progress.”

Though its major utility is for aviation, Vrgineers’ expertise has the potential to be used throughout numerous industries the place coaching for heavy gear operation is required. The corporate’s XTAL machine comes with an excessive 180° area of view (FoV) made up of two 4K decision shows, and can be utilized together with bodily simulator setups for enhanced immersion and realism.

Additionally commenting on the announcement, Vrgineers CEO Marek Polcak, stated: “We’re proud and really feel honored that Taiwania has chosen to speculate strategically in our firm. This funding is not only in regards to the needed funds to spice up our actions and merchandise, nevertheless it additionally brings a substantial amount of overlap. This strategic funding has related us with the leaders within the electronics growth and manufacturing trade. With this connection, we are able to now enhance our expertise to the very best stage doable.”

For extra info on Vrgineers and its XTAL digital and blended actuality headset, together with its pilot coaching options, please go to the corporate’s website.

Picture credit score: Vrgineers