Street Smarts VR

Street Smarts VR

Provides VR training solutions for security personnel

About Street Smarts VR

Simplify's Rating
Why Street Smarts VR is rated
B-
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Consulting

Government & Public Sector

VR & AR

Company Size

51-200

Company Stage

Seed

Total Funding

$22.2M

Headquarters

New York City, New York

Founded

2017

Overview

Street Smarts VR provides virtual reality training solutions specifically designed for law enforcement, military, and private security personnel. Their platform uses VR technology to create immersive training experiences that simulate real-world scenarios, helping users enhance their skills and knowledge for better performance in their roles. Unlike many competitors, Street Smarts VR offers customizable training modules tailored to the specific needs of different organizations, ensuring relevance and effectiveness in training. The company aims to improve safety and preparedness in communities by equipping personnel with the necessary tools and experiences to handle complex situations. With a team composed largely of veterans from military and law enforcement backgrounds, Street Smarts VR combines practical insights with advanced technology to deliver effective training solutions.

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Simplify's Take

What believers are saying

  • Raising $12.5M to expand and accelerate product development and market reach.
  • Increased demand for VR training due to societal focus on police reform.
  • Advancements in VR technology enhance training realism and effectiveness.

What critics are saying

  • Increased competition from companies like Axon with similar VR training programs.
  • Rapid VR tech advancements may increase operational costs for platform updates.
  • Potential privacy concerns could lead to regulatory scrutiny and challenges.

What makes Street Smarts VR unique

  • Veteran-owned, offering real-world insights into law enforcement and military training.
  • Customizable VR modules tailored to specific organizational needs and scenarios.
  • Focus on immersive, data-driven training solutions for superior performance and safety.

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Funding

Total Funding

$22.2M

Above

Industry Average

Funded Over

3 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

↑ 3%

1 year growth

↑ 3%

2 year growth

↑ 9%
Intelligence360
Apr 27th, 2023
Street Smarts Vr Has Filed A Notice Of An Exempt Offering Of Securities To Raise $12,500,000.00 In New Equity And Debt Financing.

Street Smarts VR has filed a notice of an exempt offering of securities to raise $12,500,000.00 in New Equity and Debt Financing. Street Smarts VR has filed a notice of an exempt offering of securities to raise $12,500,000.00 in New Equity and Debt Financing.According to filings with the U.S. Securities and Exchange Commission, Street Smarts VR is raising $12,500,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Oliver Noteware played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.About Street Smarts VRStreet Smarts VR is dedicated to bringing low-cost, high-quality virtual reality (VR) training to state and local police departments. Our mission is to leverage the immersive power of VR to create police training experiences that improve officer judgment. At the same time, we provide analytics and data services that enable police management to understand and optimize their workforce

AlleyWatch
Jun 7th, 2022
The AlleyWatch Startup Daily Funding Report: 6/7/2022

The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/7/2022 featuring funding details for Ethena, Nextiles, and much more.

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