VR presentation firm VRtuoso secures follow-on funding
VR presentations platform for business VRtuoso 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 $1m.
The London-headquartered firm, which has offices in Italy and the USA, also announces that it has surpassed 1 million users and has delivered over 500,000 hours of virtual training.
The firm said it has seen increased interest in its VR platform delivery suite during the coronavirus outbreak, with in excess of 30 corporate enterprise clients investing in its VR technology.
VRtuoso’s existing clients include American Express, BT, PwC, EE, BP, Net-a-Porter, and Stansted Airport.
VRtuoso has applied for 16 world-wide patents for its approach to VR live content creation and real-time guided content consumption.
Frank Furnari, CEO and Founder of 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.”