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VR Training Company Gemba Secures $18M Series A to Expand Enterprise Metaverse

January 26, 2023 From roadtovr

Gemba, the corporate VR learning platform, announced it’s closed an $18 million Series A funding round, which the company says will be used to continue expansion into Europe, the Middle East, Africa, and North America.

The latest funding round was led by Parkway Venture Capital, now valuing the UK-based company at $60 million.

In 2017, Gemba grew out of executive training company The Leadership Network, which was founded in 2013 by CEO Nathan Robinson and Chairman Victor Lewis. At the time, The Leadership Network was focused on cross-industry leadership training which, through its executive masterclasses, let senior execs from non-competing companies go hands-on at the state-of-the-art facilities of global giants like Toyota, Tesla, Google, BMW and Amazon. 

Now the company is all-in with VR training platform Gemba, which also still holds masterclasses, albeit in virtual reality. The platform also focuses on immersive skill transfer, including things like on-the-job VR skill training, simulated factory walks, and live training events in VR.

Image courtesy Gemba

Gemba has since worked with 4,000 executives from more than 675 companies, including Philips, Pfizer, Nike and Dell.

Its most recent success story involves Aptiv, a leading automotive supplier. Gemba says its VR training enabled Aptiv to increase skill transfer efficiency by 80% when compared to real-world training programs. In the first year of working with Aptiv, the company also saved $2 million on travel expenses alone.

“As an educator, we know that 90% of learning is about engagement,” says Frankie Cavanagh, Gemba’s Chief Technology Officer. “Gemba allows users to learn and train in a whole new way. With higher engagement levels than traditional teaching and the combination of unprecedented levels of realism and a customized learning experience, it’s a revolutionary teaching tool.”

Gemba says its Series A will accelerate the development of the platform, enabling people and companies to access Gemba on a subscription basis. It’s also set to expand its offering of immersive training simulations, tools and learning experiences, all of which are accessible via online app stores.

Filed Under: enterprise vr, gemba, Investment, News, the gemba, the leadership network, VR Investment, VR Training

Lenovo Unveils Mixed Reality Headset For Businesses

September 28, 2022 From vrscout

Enterprise VR gets an upgrade in the form of a new standalone device.

Multinational technology company Lenovo today unveiled the ThinkReality VRX, an all-in-one mixed reality headset designed for businesses. The enterprise-focused device boasts high-resolution colored passthrough, advanced pancake (folded) optics, and supports cloud-based rendering solutions like NVIDIA CloudXR.

As previously mentioned, the ThinkReality VRX is an all-in-one headset, which means no additional hardware is required in order to operate the device. That said, you do have the ability to connect the device to a PC or other workstation to stream more demanding VR/AR experiences, making it a powerful tool for businesses looking to optimize worker performance.

While the company has yet to share any detailed information regarding specs, we do know that the device features four onboard cameras which provide inside-out tracking as well as a Qualcomm Snapdragon XR chipset. The device can deliver full VR experiences as well as project virtual content over the real world.

“The Lenovo ThinkReality VRX is built to be the VR solution for workers everywhere. The immediacy and fidelity of new digital tools experienced through extended reality (XR) devices means workforces are becoming nearly unconstrained by time and space,” said Lenovo in an official press release.

“From improving efficiency in employee training and virtual collaboration to expanding design and engineering tasks in 3D, XR technologies are becoming more important than ever for businesses enabling hybrid workers to do more.”

“Our customers are looking for reliable, flexible, and scalable gateways into the growing Enterprise Metaverse. They need business-class solutions for the new realities of working in hybrid scenarios and virtual environments” said Vishal Shah, GM of XR and Metaverse, Lenovo. “We engineered the Lenovo ThinkReality VRX to be the VR solution of choice for training and collaborating in immersive 3D.”

Early partners can get their hands on the Lenovo ThinkReality VRX towards the end of the year. According to the company, the device will be available for purchase by the general public in select markets beginning in early 2022.

For more information visit here.

Image Credit: Lenovo

Filed Under: enterprise vr, Lenovo ThinkReality VRX, News, VR Hardware

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