VR Start-Up TransfrVR announces $12M in Series A Funding
TransfrVR, a VR training start-up aiming to provide immersive learning for the unemployed, have today announced $12 million in Series A funding.
Here at VRFinal, we've spent some time covering how virtual reality has been used to mitigate the effects of the COVID-19 pandemic. From saving the tourism industry to fighting the mental health epidemic, VR has to many been a godsend among the economic devastation brought around by the coronavirus.
Well, tech start-up TransfrVR now aims to use virtual reality to tackle the devastation itself. By using VR to simulate "on-the-job experience", the start-up is looking to streamline and improve the training offered to the unemployed in order to get them back into the workforce.
By offering digital training programs, the company hopes to boost economic mobility in areas hit by high unemployment and large skill gaps. Speaking to businesswire.com, founder and CEO Bharanidharan Rajakumar said:
"We're helping to transform skills training into a more engaging and immersive experience and bridge the gap between work-based learning and classroom instruction."
TransfrVR announced last week that they achieved some $12 million in Series A funding, enabling the company to further expand upon their curriculum.
Transfr have also announced that they are partnering with Alabama's workforce agency (AIDT) and the Alabama Community College System to use Transfr lessons and the Quest for Business platform to help provide training for professions that do not require a four-year degree.
On the partnership, deputy secretary of AIDT Ed Castile said:
"Making skills training more accessible, relevant, and engaging can help to bring technical careers to life and open them up to workers in search of their next step. This work is helping to bridge the gap between unemployed workers and hands-on, technical skills training required in fast-growing fields across our state."