Interplay Learning, an Austin, TX-based provider of immersive skilled trades training, secured funding from Goldman Sachs Alternatives.
The amount of the deal was not disclosed. As part of this round of Investment, Interplay is adding Richard Waitumbi, Managing Director at Goldman Sachs, to its Board of Directors.
The company intends to use the funds to expand operations and its development efforts.
Interplay also acquired Industrial Training International (ITI), a Woodland, WA-based company which specializes in the design and delivery of learning solutions for organizations conducting crane, rigging, and load handling activities.
With the acquisition of ITI, Interplay is deploying a portion of the growth investment to expand into the industrial sector.
Led by CEO Doug Donovan, Interplay Learning specializes in immersive career development for the skilled trades. Its training platform enables rapid upskilling and empowers new technicians to be job-ready within weeks, not years. Featuring hands-on 3D simulations, expert-led videos, knowledge checks, and personalized learning paths, the platform delivers immersive career development platform featuring over 500 hours of courseware across a range of skilled trade paths.
Since 2016, the company has trained more than 250,000 people using immersive learning technology and has worked closely with nearly 2,000 businesses and educational organizations.
FinSMEs
20/09/2024