AutoVRse Raises $2.4M to Scale Industrial AI Transformation Globally
Lumikai doubles down on AutoVRse, co-leading a $2.4M funding round with Singularity AMC’s Large Value Fund III and Early Opportunities Fund. This latest investment will allow them to accelerate AI transformation across industries like manufacturing, pharma, energy and healthcare.
AutoVRse deploys VR-based training and smart glasses-enabled field guidance across manufacturing, pharmaceuticals, energy and healthcare. The company serves 500,000+ users at 50+ enterprise customers across North America, Europe, the GCC and India, including Amazon, Shell, ADNOC, ExxonMobil, GE Vernova, Bosch, NTPC, HDFC Bank, UltraTech Cement, JSW Steel, Tata Power, Vedanta, Hindalco, Godrej, Welspun, Intas and Abbott. The company has crossed an ARR of $8M within 12 months of global product roll-out and is growing revenue at 250% year-on-year.
At a time of accelerating global demand for Physical AI , the application of artificial intelligence to the workflows of physical industries where accuracy, safety and real-time access to expertise are critical. The capital will be deployed to accelerate AutoVRse's product development across critical industries. As the company receives active investor interest for a future raise, the current funds will deepen integrations with customer infrastructure, scale go-to-market efforts across North America and run deployments with several Fortune 500 customers. The company also plans to expand further in the GCC and India.
As early backers, Lumikai is thrilled to deepen its partnership with AutoVRse, as they build out cutting edge AI enterprise infrastructure for Fortune 500 enterprises. The company has demonstrated how immersion, participation and personalisation are finding consequential real-world applications across industrial training in warehouses, labs, plants and field operations of high-precision industries and we’re excited to back Ashwin, Adarsh and the team as they make immersive AI the operating layer for global industry.
Industrial AI is interesting because the benefits become easier to understand when you see technology improving everyday training and operations. I once visited a manufacturing facility where employees practiced equipment procedures through VR before working with the actual machinery, and the experience looked surprisingly realistic. That visit got me interested in how different organizations adopt technology, from industrial platforms to fundraising services, which eventually led me to read actblue reviews while researching digital tools. AutoVRse combining AI with immersive technology feels like a natural progression. The new funding should give the team more room to develop products and reach global industries.