AR/VR Startup AutoVRse Raises $2.4Mn To Fuel International Expansion

Lumikai has doubled down on AutoVRse, co-leading a $2.4Mn round alongside Singularity AMC's Large Value Fund III and Early Opportunities Fund. The capital will accelerate AutoVRse's product development and AI transformation across manufacturing, pharmaceuticals, energy and healthcare.

AutoVRse deploys VR-based training and smart glasses-enabled field guidance, serving more than 500K users at over 50 enterprise customers across North America, Europe, the GCC and India, including Amazon, Shell, ADNOC, ExxonMobil, GE Vernova, Bosch, NTPC and Tata Power. The company crossed $8Mn in ARR within 12 months of its global product roll-out and is growing revenue 250% year on year.

With demand for Physical AI accelerating, the funds will deepen integrations with customer infrastructure, scale go-to-market efforts across North America and support deployments with several Fortune 500 customers, alongside further expansion in the GCC and India.

As an early backer, Lumikai continues to support Ashwin Jaishanker, Adarsh Muthappa and the team as they make immersive AI the operating layer for global industry.

Read the article here.