VRtuoso hits 1m VR users; secures investment
VRtuoso.io, an innovative virtual reality (VR) presentations software platform, has announced that it has surpassed 1 million users and has delivered over 500,000 hours of virtual training. VRtuoso also confirmed that, following impressive growth and exceeding performance metrics, it has secured follow-on seed funding from UK based Symvan Capital and Italy based Compagnia Bresciana Investimenti S.p.A. (CBI), bringing the total seed funding to over $1 million.
As COVID-19 continues to disrupt business across the globe, VRtuoso is experiencing even greater interest in its VR platform delivery suite with in excess of 30 corporate enterprise clients investing in VR technology to solve remote and on-premise training and collaboration requirements via interactive VR experiences in real-time from anywhere.
Frank Furnari, CEO and founder, VRtuoso, said, “We have experienced significant sales growth over the last year as enterprises need to reduce costs and increase the effectiveness of training. In addition, COVID-19 has disrupted the way in which we all work, which is giving enterprises even more focus to adapt and transform necessary training requirements. VRtuoso platform’s usage increase by 32% in 2020 compared to last 4 months of 2019, and it is fast becoming the obvious go-to alternative to traditional training methods. Our follow-on funding from Symvan Capital and CBI is testament to the progress we have made to date.”
Nicholas Nicolaides, investment director, Symvan Capital, said, “This was the right time for us to provide a follow-on investment. VRtuoso is an example within our portfolio of a business that is solving a real need for its customers, at the same time enabling cost-savings whilst also experiencing growing demand in difficult market conditions.”
VRtuoso has applied for 16 world-wide patents on its approach to VR live content creation and real-time guided content consumption.