The latest investment for the California-based start-up has been secured from Accenture and Workday Ventures
Strivr secures investment from Accenture and Workday Ventures. (Credit: Florian Pircher from Pixabay)
Strivr, a provider of virtual reality (VR)-based, immersive learning and training solutions, has raised $35m as an extension to a Series B funding round.
The latest investment in the California-based start-up has come from Accenture and Workday Ventures.
Earlier, Strivr had raised $30m in the Series B round, which is being led by Georgian.
The funding round also involved the participation of additional new investors such as Bank of America and Gaingels.
Strivr also became a part of Accenture Ventures’ Project Spotlight, which is an engagement and investment programme that focuses on investing in firms that build or apply disruptive enterprise technologies.
Accenture Ventures managing director Tom Lounibos said: “The projected global shortfall of workers’ technical skills due to exponential technology and industry changes, combined with increased employee retention challenges and the ineffectiveness of conventional training methods, has created enormous opportunity for the advancement of immersive learning.
“We anticipate that global demand for Strivr’s VR-based learning solutions will increase as employers look for ways to more effectively upskill, engage and retain their increasingly remote workforces. In fact, immersive learning is a terrific way for employers to begin leveraging the power of the metaverse continuum.”
Apart from Project Spotlight, Strivr has joined the Workday software partner programme. The company plans to integrate its immersive learning platform with Workday content cloud to help cater to the requirements of enterprises facing challenges in training, upskilling, and reskilling their employees.
Strivr is claimed to have helped in training more than a million workers in VR. The company has partnered with Bank of America, Sprouts, MGM Resorts, Walmart, and Verizon.
The start-up said that the new capital from the Series B round will help it expedite the delivery of immersive upskilling and reskilling solutions. Besides, the investments are expected to further advance its position in boosting workforce performance through VR.
Strivr founder and CEO Derek Belch said: “With strategic investments from industry leaders like Accenture and Workday Ventures, we will continue to advance our vision of elevating employee performance through immersive experience, and delivering the enterprise-scale platform to connect the immersive worlds of tomorrow.”