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About Transfr
Industries
Consulting
VR & AR
Education
Company Size
201-500
Company Stage
Series C
Total Funding
$88.1M
Headquarters
New York City, New York
Founded
2017
Overview
Transfr provides immersive virtual reality (VR) training programs designed to enhance career training and workforce development. These programs simulate real-world job environments, allowing learners to gain practical experience and explore various career paths without needing to be physically present in a workplace. By partnering with schools, businesses, and government agencies, Transfr ensures its training solutions are accessible and tailored to meet industry-specific needs. The company generates revenue through subscription or licensing models, helping educational institutions enhance their curriculum, businesses upskill their workforce, and government agencies support workforce development initiatives. Transfr aims to bridge the gap between education and employment by equipping learners with the skills needed for high-demand jobs, ultimately contributing to a more skilled and adaptable workforce.
Simplify's Take
What believers are saying
- Transfr's VR training is endorsed by the National Consortium for Health Science Education.
- They won Fast Company's 2024 Best World-Changing Idea North America award.
- Transfr's partnerships with schools and businesses ensure wide accessibility and tailored industry needs.
What critics are saying
- Emerging VR training companies could threaten Transfr's market share with competitive pricing.
- Rapid VR hardware advancements may increase Transfr's operational costs for platform updates.
- Economic downturns could reduce demand for Transfr's VR training solutions.
What makes Transfr unique
- Transfr offers VR training that simulates real-world job environments for practical experience.
- Their platform hosts over 300 simulations in industries not requiring a four-year degree.
- Transfr's VR apprenticeship model provides strategic feedback, enhancing skill mastery and job performance.
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Funding
Total Funding
$88.1M
Below
Industry Average
Funded Over
4 Rounds
Industry standards
Benefits
Flexible Schedule
Generous parental leave
401(k)
Health, Dental & Vision
Promote From Within
Company Outings
Company Equity
Paid Sick Days
Growth & Insights and Company News
6 month growth
â 2%1 year growth
â 4%2 year growth
â 10%Minnesota-based manufacturer and social enterprise MDI has partnered with workforce education provider Transfr to deliver virtual reality career exploration and training for disabled people.
The Arc Otsego has announced the launch of a partnership with Transfr and its virtual reality-based career exploration and and skills training solutions.
Transfr ranks No. 106 on the 2024 Inc. 5000.
Michigan Works Southeast recently acquired Transfr virtual reality headsets that allow users to experience different career activities, the release said.
NEW YORK--(BUSINESS WIRE)--The winners of Fast Companyâs 2024 World Changing Ideas Awards were announced today, highlighting fresh sustainability initiatives, cutting-edge AI developments, ambitious pursuits of social equity, and other creative projects that are helping mold the world. Transfrâs VR Workforce Training offering has been named the Best World-Changing Idea North America. The solution received additional acknowledgment with an Honorable Mention in the Education category. Transfrâs platform hosts more than 300 simulations that focus on careers in industries that do not require a four-year degree, including Automotive, Aviation, Construction, Diesel, Electrical, Hospitality and Tourism, Manufacturing, and Healthcare. This yearâs World Changing Ideas Awards showcase 50 winners, 127 finalists, and 172 honorable mentionsâwith health, education, energy, and AI among the most popular categories. A panel of Fast Company editors and reporters selected winners from a pool of more than 1,300 entries across climate, social justice, wellness, politics, technology, corporate social responsibility, and more
Transfr is Hiring for 6 Jobs on Simplify!
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About Transfr
Industries
Consulting
VR & AR
Education
Company Size
201-500
Company Stage
Series C
Total Funding
$88.1M
Headquarters
New York City, New York
Founded
2017
Transfr is Hiring for 6 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Transfr