AutoVRse raises $2 Mn led by Lumikai

AutoVRse, a homegrown AR/VR tech startup, has raised a $2 million seed round led by Lumikai, a gaming and interactive media-focused venture capital fund.

Other investors include Rajat Monga, co-founder of TensorFlow, and Inference.io Yash Kotak, founder and CEO of Jumper.ai, Deepak Kumar, Chief Customer Officer at Observe.AI and early investor at Fractal and Viswanathan Krishnamurthy, ex-CIO/VP at Yahoo & Eaton.

The funds will be used to ramp up the brand’s enterprise product “VRseBuilder” to enable VR deployment at scale for digital transformation of training, design and sales workflows for heavy industry and manufacturing enterprises.

Founded by Ashwin Jaishanker and Adarsh Muthappa, VRseBuilder is a comprehensive, modular technology stack and SaaS platform which 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 brand also uses its in-house game lab to undertake research and development to improve their enterprise product and has built ‘District M’, an innovative social, multiplayer VR rhythm game.

The startup claims to have already delivered VR solutions to global companies including Shell, Godrej, Bosch, Tata Motors, Ultratech Cements, Aditya Birla Group, and many others.