TrueA Dublin-Based Startup VC has collected 5 million dollars in a series A series A, focusing on the military and defense applications of mixed reality and simulations.
VRAI has collected millions of dollars from investors, including Enterprise Ireland, Northstar Ventures and several top Irish family offices.
Pat O’ConoThe founder and CEO of the brother commented: “We are delighted to announce the Round of our latest investment, which marks an important milestone in our mission to define exceptional human performance through data -driven simulationsThe We have taken the goal of becoming a worldwide leader in our niche. This investment will allow our existing customers to continue to innovate, create a talent cubic team and increase the company through our new US officeThe “
Established in 2017 by Pat O’Connor, VRAI is a simulation technology company that works with customers for defense and protection as customers of the British Army, the Irish Defense Force, the Royal Air Force, BAE systems and Kongberg as well as offshore power and emergency services.
Its aim ”Re-define exceptional human performance through data-powered simulations“. VRII believes that human performance data is currently unnecessary to training and resulting in its product, hits, which provides an analysis level that integrates with simulators that provide effective insights on human performance.
One of its preliminary applications was the UN Mining Action Service Service in Somalia with insights to detect IED threats within the VR training environment.
Simulations provide secure, expensive and data-driven environment for the-trapped VR, mixed reality and the traditional seamless simulators. In industries, including complex and expensive tools, such as space, defense and protection, simulation-based training workers have become an important and growing approach to prepare for the role.
According to the VRAI, the estimates suggest that the global market for simulation learning can try about $ 43.1 billion in the form of 2032.
The VRAI’s data platform integrates with simulation solutions, including VR Headset and Traditional Simulator, to provide operational insights on the performance of individuals who participated in the training.
This round of investment will earn the Transatlatlantic footprints of Barinia and drive the brothers’ expansion in the United States, the world’s largest market for space, defense and protection technology in the world.
The company expects to double its headcount by investing in its product, sales and marketing functions.
Luke AIDSInvestment director commented: “Global Industries – Especially Defense and Space – Growing up to the environment for training. Those days are gone when individuals had to learn into pieces of expensive tools – you can now train in a simulated environment that is cheap, safe and more measurable.
“VRAI is basic to ensure that this process is effective. Berinia will work closely with Pat to run the next chapter of VRAI, especially by using our network in the United StatesThe “
[publish_date
