Transfr Closes $40M in Series C Growth Funding

Transfr, a NYC-based company which specializes in virtual reality-based skills training for middle-skilled careers, raised $40M in Series C Growth funding. The company intends to use the funds to further build out its executive leadership team and scale its platform and impact, developing new training simulations that cover a wider range of skills and scenarios, as well as to enhance existing ones with more features, including offering training in Spanish. Led by CEO and Founder Bharani Rajakumar, Transfr provides hands-on and immersive-simulation training for in-demand careers that give real-world experience in the skills needed for job success, development, and retention. Using a headset, trainees are guided through simulations by a digital coach to engage in career exploration, job training, and practice and assessment use cases. Its platform promotes ever-improving quality and lower development costs of VR simulations.