AutoVRse Secures $2 Million Funding Led by Lumikai for VR Expansion

AutoVRse, a homegrown VR/AR tech startup based in Bengaluru, has raised $2 million in a funding round led by Lumikai, India’s gaming and interactive media fund. The funding will be used to enhance AutoVRse’s foundational enterprise product, VRseBuilder, which is an end-to-end modular technology stack and SAAS platform designed to integrate VR into workflows of industries like manufacturing, construction, engineering, oil and gas, and automotive. The platform replaces ineffective manual instruction and expensive simulation techniques for purposes ranging from safety training to sales and collaborative remote work. 

Key Highlights

• Funding Round: AutoVRse has raised $2 million in a funding round led by Lumikai, India’s gaming and interactive media fund.
• VRseBuilder: The funding will be used to enhance AutoVRse’s foundational enterprise product, VRseBuilder, which is an end-to-end modular technology stack and SAAS platform designed to integrate VR into workflows of industries like manufacturing, construction, engineering, oil and gas, and automotive.
• Expansion Plans: The funding will enable AutoVRse to augment its team with top-tier talent, spearhead expansion efforts in the United States, and expand its product suite.

“AutoVRse, a VR/AR tech startup based in Bengaluru, has secured $2 million in funding led by Lumikai to enhance its foundational enterprise product, VRseBuilder, and expand its team and product suite.”

AutoVRse has already delivered VR solutions to multiple Fortune 500 companies and industry leaders, including Shell, Godrej, Bosch, Tata Motors, Ultratech Cements, Aditya Birla Group, and many others

. The company’s VRseBuilder is a one-stop, self-serve, modular, SAAS-style platform that empowers large organizations to create, deploy, and manage VR training solutions and applications at scale, in real-time, across the world

. The platform includes a readymade VR content library, a VR-native Learning Management System, a deployment platform and knowledge repository, and a Unity SDK with a no-code editor to enable digital transformation of traditional industries

.The funding will enable AutoVRse to augment its team with top-tier talent, spearhead expansion efforts in the United States, and expand its product suite. The company also plans to set up a B2B sales team in the US to drive qualified lead generation and facilitate market expansion

. The company leverages its state-of-the-art in-house game lab to undertake cutting-edge research and development to improve its enterprise product and has built “District M,” an innovative social, multiplayer VR rhythm game

.Salone Sehgal, founding general partner of Lumikai, said, “AutoVRse’s technology and solutions for enterprises compete with the 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 studio, is a powerful combination—paving their rise to becoming a world leader in the VR space

In conclusion, AutoVRse’s successful funding round led by Lumikai marks a significant milestone in the company’s journey. With its VRseBuilder platform, the company is well-positioned to become a world leader in the VR space, transforming various industries with its tech prowess. The funding will enable the company to expand its product suite, augment its team with top-tier talent, and spearhead expansion efforts in the United States.