Immersive VR Education Ltd., a Waterrford, EIRE-based developer of virtual reality software and immersive experiences with a specific focus on Education, raised €1M in funding.
The round was co led by Kernel Capital, through the Bank of Ireland Kernel Capital Venture Funds, and Suir Valley Ventures with participation from Enterprise Ireland.
The company intends to use the funds to accelerate its growth plans.
Co-founded by husband and wife David (CEO) and Sandra Whelan as a spin-out from WIT’s research-based Telecoms Software and Systems Group (TSSG), IVRE operates a platform that provides virtual reality content that can be used in schools, colleges, universities, research centres and corporate training to teach any subject in a virtual environment allowing students to fully immerse themselves in the experience, making hard to visualise concepts easy to understand.
The company, which currently employ 20 at their offices in Waterford, is currently collaborating with Oxford University and the Royal College of Surgeons to develop VR-based training programmes for medical professionals.
FinSMEs
23/03/2017