The virtual reality training platform provider, Gleechi, has raised SEK 25 million (approximately USD 2.96 million) from the European Innovation Council (EIC) Fund. The proceeds from the investment will be used to expand its VR training platform and core technologies.
To meet the rising demand and dependence on VR technology, Gleechi will use the funds to package and enhance its VR training platform capabilities. The company plans to offer VR training as a scalable software-as-service solution.
The company’s training platform uses its ‘VirtualGrasp’ technology for enhancing natural hand interaction capabilities to allow customers to provide remote workforces with advanced training to aid learning-by-doing. This approach also improves safety and enhances business efficiency.
José Fernando Figueiredo, an EIC Fund Investment Committee member, stated, “Gleechi is a prime example of European innovation – using virtual reality technology to provide essential training to meet the needs of globally distributed remote workforces as well as in creating solutions for some of the major problems in the industry.”
Nicklas Bergman, another EIC Fund Investment Committee member, added, “This strategic investment represents our continued confidence in virtual reality training as a vital business tool and in Gleechi to continue to deliver exciting innovations by leveraging their unique technology.”
Gleechi has witnessed a significant upside in demand for its VR training offering due to the ongoing global pandemic.
Jakob Way, CEO at Gleechi, said, “The ongoing global pandemic has forced a re-think in how companies work and operate. Consequently, our long-standing belief that virtual reality training will be increasingly adopted as a vital business tool has been radically accelerated. VR training is now solidified as a readily deployable here-and-now solution that delivers immediate benefits.”
“We are exceptionally well-positioned to meet the demand for VR training by making our platform more accessible, complemented by unique VirtualGrasp technology that can support advanced training requirements,” Jakob added.
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