Digital training platform Virti has raised USD10 million in a Series A to further its goal of improving human performance using world-class interactive technology. The round was led by deeptech investors IQ Capital and joined by Cedars-Sinai Medical Center and a new, UK-based learning technology VC fund.
Virti helps organisations optimise learning, training and performance using interactive simulations and AI-powered data analysis. The technology turns traditionally subjectively-assessed skills (such as communication, teamwork and decision-making under pressure) into objective and measurable data to improve performance.
The funding consolidates a pivotal period of growth for the startup: as demand for effective remote training solutions accelerated last year, Virti revenues grew 978 per cent and the company’s workforce doubled in size.
Series A funding will enable Virti to continue on its curve of exponential international growth, researching and developing new technologies to improve human performance.
The funding comes alongside three important new hires for the business. Kurt Kratchman and Mark Ashworth join Virti from Oracle as CRO and CFO/COO respectively. Michael Hernandez, previously at Nearpod, joins Virti as Head of Customer Success.
Read more/Source: Private Equity Wire
