Transfr VR, best known for pioneering the use of virtual reality to simulate on-the-job training, today announced $35 million in Series B funding as it expands into regions and industries most heavily impacted by skills gaps and unemployment. The round was led by Lumos Capital Group and joined by existing investors Firework Ventures and Album VC and new investor Spring Tide Capital.
“Employers are looking for undiscovered talent—but high potential workers often are unaware of the on-ramp to in-demand and high-paying careers,” said Bharani Rajakumar, founder and CEO of Transfr. “VR allows us to deliver on-the-job training at a massive scale to meet the economic development needs of states, communities and employers. Together, we are creating pathways from classroom to career that can help workers and learners access new skills—and better jobs.”
Transfr’s simulations enable learners to feel as though they are embedded in the physical environment and experience of an actual worksite. Transfr’s innovative approach enables trainees to perform hands-on training with the assistance of a pre-programmed digital coach, all in a fully immersive, 360-degree environment that is distraction free and completely safe.
Announcement: Transfr VR Raises $35M to Deliver VR Training