The VR educational startup Gemba has acquired $18 million in investment.
In Brief
Gemba has successfully wrapped up an $18 million Series A funding round, resulting in a company valuation of $60 million.
Catering to a range of international companies, Gemba’s training programs are crafted to emulate real-life scenarios while offering enhanced functionality compared to traditional training methods.
VR training company Gemba has Gemba attracted $18 million through a Series A funding round. Some of the major corporations using Gemba’s services include Coca-Cola Pfizer, Johnson & Johnson, Caterpillar, Amazon, and others. Nike .
Based in the UK, the company intends to allocate the newly acquired funds for further expansion into Europe, the Middle East, Africa, and North America. After this funding round led by Parkway Venture Capital, Gemba stands with a valuation of $60 million.
"Clients can anticipate a broader selection of training simulations, resources, events, and educational experiences, with 2023 introducing co-location services, flexible mixed reality solutions, AI-driven consultants, and an enterprise-friendly version for large-scale adaptation,\"
Gemba’s team wrote.
Gemba offers Additionally, Gemba will host live virtual masterclasses covering topics like supply chain management and lean manufacturing in collaboration with industry veterans. These classes are designed for real-time participation, ensuring a rich and engaging learning experience.
Founded in 2010 as 'The Leadership Network,' originally geared toward executive training, Gemba was rebranded in April 2020 to reflect its pivot towards virtual reality training offerings. Although the pandemic rushed this transformation, Gemba had started its exploration into VR training a few years prior, ultimately launching its first VR enterprise training in 2019 and following up with masterclasses in 2020.
What began as a hands-on training platform at large corporate facilities has now shifted entirely to focus on immersive skill acquisition through VR, which includes real-world skill training using VR technology, simulated factory tours, and live training sessions conducted in virtual environments.
Participants can create their own avatars and attend classes regardless of their physical location. Currently, Gemba’s software is optimized solely for specific VR headsets provided by the company, but plans are underway to broaden support to a variety of popular VR and AR devices in 2023. Meta’s Quest headsets Please remember that the information on this page doesn't qualify as legal, tax, investment, or financial advice. It's pivotal to invest only what you can afford to potentially lose and always seek independent financial counsel if you're uncertain. We encourage you to consult the issuer’s terms and conditions and help information for more clarity. MetaversePost prioritizes delivering precise and impartial news, although market conditions may fluctuate without prior notice.
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