Cardiff primarily based VR start-up Virtus Tech safe £300k in pre-seed funding and launch Wales Digital Hospital; a centralised platform enabling medical professionals to coach nearly.
With the VR coaching market set to achieve as excessive as $350.9 billion by 2030 in keeping with PWC, there are nice alternatives for disruptive VR SaaS corporations and Virtus Tech are paving the best way in Wales.
The publish income tech start-up has change into those to observe just lately after their fast progress up to now 12 months, shortly adopted by funding and mentorship from Google for Startups as a part of Tramshed Tech’s Startup Academyin December 2021. Their latest pre-seed spherical closed final month securing £300k from SFC Capital in addition to angel buyers comparable to Mark West, Lord Mervyn Davies and one non-public particular person.
SFC Capital is essentially the most energetic early-stage investor within the UK, offering seed capital and assist to promising start-ups throughout the nation. Edward Stevenson, Funding Govt at SFC Capital says “We’re delighted to have led Virtus Tech’s newest funding spherical. With their easy-to-use VR/AR know-how, it’s going to convey coaching to numerous individuals and will be carried out wherever, at any time. With the widening adoption of VR/AR, there has by no means been a greater time to spend money on the area and the crew behind Virtus Tech have the abilities and expertise to capitalise on this market.”
Virtus Tech present a no code answer enabling companies to construct a library of limitless interactive VR coaching simulations accessible on any gadget. Their all-in-one VR platform supplies business professionals with the instruments to create their very own digital coaching content material rapidly and successfully. Staff will be immersed in 360-degree ‘actual world’ situations in addition to interacting with 3D digital studying objects for prime information switch, saving companies money and time.
George Bellwood, Co-Founder & CEO says “We’re extraordinarily excited for what the longer term holds at Virtus Tech. This funding spherical has been essential to our fast progress on this sector and Virtus Tech as a crew can’t wait to proceed disrupting the VR market”.
Virtus Tech’s DIGI Customise platform has been adopted by an array of sectors together with heavy weight healthcare consumer NHS Wales who’re utilizing the platform to create the Wales Digital Hospital; a centralised platform to construct and distribute studying supplies for all medical professionals in VR coaching. This platform bridges the hole between internet 2.0 and internet 3.0 throughout the medical area and is launching throughout all well being boards and universities in Wales, with the remainder of the UK following go well with.
Dr Kosta Morley, South Wales Main Trauma Community Training Lead says “With VR coaching, we are able to see the great potential this might have in diversifying our instructional choices for medical professionals. The Wales Digital Hospital venture supplies a easy, efficient, and accessible answer for immersive studying, taking studying to the following stage.”
The funding might be used for worldwide market growth, progress of the crew and continued R&D inside immersive tech with the introduction of latest applied sciences comparable to haptic suggestions to extend the coaching expertise.