VRAI appoints Davy to reel in more investors after raising €1.2m

Funding Rounds

▤ Summary

VRAI, a Dublin-based virtual reality remote training simulation provider, has secured €1.2 million in seed funding from angel investors and Enterprise Ireland. The start-up, which is chaired by former Bord na Móna chief executive Gabriel D’Arcy, has also appointed Davy as it begins talks with institutional investors about a larger fundraise. Co-founded by Niall Campion and Pat O’Connor, VRAI has developed a virtual reality (VR) focused training platform used by customers that include the Irish Defence Forces, the United Nations, Dublin Bus, Samsung, Kingspan and Jameson. According to Mr O’Connor, the firm believes it has the ideal solution for companies struggling to train staff safely in the midst of Covid-19. The company initially focused on making VR content but last year pivoted to providing full training solutions.

$ Funding

$
Amount $1.4M Total raised
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Date August 20, 2020 Announcement date
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Investors - Lead investors
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Company http://www.vrai.ie Funded company

▥ Classifications

industries
No industries detected
applications
EduTech - learning

◇ AskAI Classifications

Labels
Simulation software Virtual reality training Defense training software

▦ Linked Companies

VRAI Simulation
$1M to $5M