Interplay raises $18 million for enterprise-focused VR training solutions

Interplay, an Austin, Texas-based startup developing a 3D and virtual reality platform for trade workers, today announced that it raised $18 million. According to an ABI Research report, before the pandemic, the virtual reality market was forecasted to grow at a 45.7% compound annual rate, surpassing $24.5 billion in revenue by 2024. A PricewaterhouseCoopers survey predicts that nearly 23.5 million jobs worldwide will use augmented and virtual reality by 2030 for training, work meetings, or customer service. Sim walkthrough videos feature experts who lead users through procedure guides step-by-step, with a short quiz and supplemental learning material including wiring diagrams, equations, example system configs, and charts following each lesson. It also allows managers to view the top users based on education credits earned in a timeframe and to administer tests that assess skills and abilities, with an automated system that instantly generates a report.