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Virtual reality startup AutoVRse secures $2 million in funding led by Lumikai

Economic Times

Economic Times · 1y ago

Virtual reality startup AutoVRse secures $2 million in funding led by Lumikai

AutoVRse, a virtual reality (VR) startup, has secured $2 million in funding led by Lumikai. The funds will be used to enhance its enterprise product, VRseBuilder, expand its team, and drive market expansion efforts in the United States. VRseBuilder is a modular technology stack and software-as-a-service (SaaS) platform that integrates VR into various industries such as manufacturing, construction, and automotive. AutoVRse has already deployed its VR tech to companies like UltraTech Cements and Shell. The startup aims to provide scalable VR solutions for real problems in heavy industries.

Related News

AR/VR Startup AutoVRse Bags Seed Funding From Lumikai

Inc42 · 1y ago

AR/VR Startup AutoVRse Bags Seed Funding From Lumikai

Virtual reality (VR) and augmented reality (AR) startup AutoVRse has raised $2 million in a seed funding round led by Lumikai. The funds will be used to enhance its enterprise product, VRseBuilder. The round also saw participation from Rajat Monga, cofounder of TensorFlow, Yash Kotak, founder of Jumper.ai, and Dhiraj Bansal, MD of Accenture. AutoVRse develops customized VR/AR applications for enterprises, with a focus on experiential marketing, training, and design reviews. The company also launched a multiplayer VR game called District M. The funding will support AutoVRse's expansion efforts in the US, product development, and team growth.

Extended reality startup Metadome raises $6.5 million from Siana Capital, others

Economic Times

Economic Times · 1y ago

Extended reality startup Metadome raises $6.5 million from Siana Capital, others

Metadome.ai, a startup specializing in extended reality (XR) technologies, has successfully raised $6.5 million in a funding round led by Siana Capital and Chiratae Ventures. The company plans to use the funds to expand its operations into new territories and enhance its capabilities by integrating advanced XR technologies with AI. Metadome.ai provides sales enablement solutions utilizing virtual reality (VR) and augmented reality (AR). The startup currently serves over 50 clients and has secured a total of $10.6 million in funding.

Decoding Lumikai’s Investment Playbook For India’s $30 Bn Gaming & Interactive Media Industry

Inc42 · 1y ago

Decoding Lumikai’s Investment Playbook For India’s $30 Bn Gaming & Interactive Media Industry

Lumikai is a venture capital fund focused on gaming and interactive media in India. With a corpus of $40 million in its first fund and $50 million in its second fund, Lumikai has made investments in 15 companies, including All Star Games, AutoVRse, Bombay Play, and Loco. The gaming and interactive media market in India is growing rapidly, with a total worth of $25 billion and a CAGR of 20%. Lumikai's investment thesis focuses on early-stage startups and aims to find category-leading bets in the industry. The fund's portfolio companies are generating revenue and benefiting from the attention economy and multiple monetization avenues within the gaming and interactive media sector. The Indian government has also shown favorable regulations for the industry, recognizing eSports as a sport and creating tax laws specific to gaming and interactive media. Challenges for startups in this space include talent acquisition and user acquisition costs. Lumikai plans to continue investing in companies leveraging AI and targeting the Indian and global markets.

Scimplify, Metadome.ai nab Series A cash; FlexiBees gets IPV’s backing

VCCircle

VCCircle · 1y ago

Scimplify, Metadome.ai nab Series A cash; FlexiBees gets IPV’s backing

Specialty chemical manufacturing startup Scimplify and extended reality startup Metadome.ai have raised Series A funding, while women-focused talent marketplace startup FlexiBees has received pre-Series A funding. Scimplify raised $9.5 million led by VC firm Omnivore, Metadome.ai secured $6.5 million led by Siana Capital, and FlexiBees raised an undisclosed amount led by Inflection Point Ventures. The funding will be used to expand operations, enhance R&D capabilities, increase market presence, and improve technological infrastructure.

Mobility Startup IntrCity Secures $4.4 Mn To Grow Traveller Base

Inc42 · 1y ago

Mobility Startup IntrCity Secures $4.4 Mn To Grow Traveller Base

Mobility startup IntrCity has raised INR 37 crore (approximately $4.4 million) in its Series C funding round led by Mirabilis Investment Trust. The funds will be used to enhance product offerings, accelerate user acquisition, and expand its services on Tier 2 and Tier 3 routes across India. IntrCity, a subsidiary of Stelling Technologies which also houses the RailYatri brand, has partnerships with over 30 bus operators and operates on more than 650 routes in the country. With previous funding amounting to $35 million, the startup aims to maintain its growth momentum in the coming year.

Nestcoin Secures $1.9 Million Investment to Scale Onboard Product

Robots · 1y ago

Nestcoin Secures $1.9 Million Investment to Scale Onboard Product

African web3 startup Nestcoin has raised $1.9 million in funding, led by Hashed Emergent and joined by Adaverse and Base Ecosystem Fund. Nestcoin's focus has shifted to developing its Onboard product, aiming to provide equitable access to financial opportunities in frontier markets. The platform offers a noncustodial wallet with innovative features like email-based access and multifactor authentication. Onboard also plans to introduce a virtual card product for spending stablecoins globally. The investment from Base Ecosystem Fund will help Nestcoin expand its reach beyond Nigeria and empower individuals in frontier markets with greater financial access.

Proost, Swish, PeLocal, Theranautilus bag early-stage cheques

VCCircle

VCCircle · 9m ago

Proost, Swish, PeLocal, Theranautilus bag early-stage cheques

Proost, Swish, PeLocal, and Theranautilus have recently announced securing early-stage investments. Proost, a beer startup, raised $3.5 million in a Series-A round led by Chimes Group and Srinivasan Namala. Swish, a food-delivery startup, completed a seed funding round raising $2 million with participation from Accel, Urban Company founders, and Karthik Gurumurthy. Fintech startup PeLocal received $2 million in seed funding led by Unicorn India Ventures and plans to expand its payment services through WhatsApp. Theranautilus, a deep-tech startup, gained $1.2 million in seed funding led by pi Ventures for developing nanorobotic solutions for healthcare.

Innerspace Raises € 5.7M in Funding

Finsmes · 1y ago

Innerspace Raises € 5.7M in Funding

Innerspace, an Austria-based tech startup, has secured €5.7 million in funding. The company specializes in risk assessment and training of cleanroom personnel for pharmaceutical companies through the use of software and Virtual Reality (VR) technology. The funding round was led by Matterwave Ventures and included participation from MAD Ventures, aws Gründungsfonds, and High-Tech Gründerfonds. Innerspace plans to use the funds to expand its international market presence and further develop its unique "Frame-by-Frame" technology. The company is an official partner of the Parenteral Drug Association (PDA) and actively contributes to quality training courses for the pharmaceutical industry.

PeLocal secures $2 million funding led by Unicorn India Ventures

Economic Times

Economic Times · 9m ago

PeLocal secures $2 million funding led by Unicorn India Ventures

Chennai-based payment solutions provider PeLocal has raised $2 million in a funding round led by Unicorn India Ventures. The startup enables ecommerce transactions through messaging platforms like WhatsApp and aims to scale its monthly transaction numbers from three million to 10 million in the next year. PeLocal plans to build a marketing catalogue and a dedicated small business payments platform on WhatsApp. The company's offerings have been adopted by clients such as Delhi Metro, Indraprastha Gas, and Mahanagar Gas, as well as multiple insurance companies. PeLocal previously raised $1 million in a seed round.

Casual puzzle gaming studio QuriousBit raises $2M led by Lumikai, General Catalysts

IndianStartupNews

IndianStartupNews · 1y ago

Casual puzzle gaming studio QuriousBit raises $2M led by Lumikai, General Catalysts

Indian gaming studio QuriousBit has raised $2 million in funding led by Lumikai and General Catalyst. The company, founded by Ramakrishna Reddy Y L and Shubham Joshi, aims to create innovative puzzle games built in India for a global audience. With a track record of over 125 million game installations and revenue exceeding $350 million, the founders plan to curate a talented team and focus on high-quality casual mobile gaming. The global mobile casual games market is projected to reach $25 billion in 2027, and QuriousBit aims to disrupt the puzzle genre with new gameplay mechanics and deeper narratives.

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