Virti

Virti

Corporate training using VR and AI

About Virti

Simplify's Rating
Why Virti is rated
B
Rated C on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

AI & Machine Learning

Education

Healthcare

Company Size

11-50

Company Stage

Series A

Total Funding

$11.7M

Headquarters

San Mateo, California

Founded

2017

Overview

Virti provides corporate training solutions that use virtual reality (VR), artificial intelligence (AI), and gamification to enhance employee learning and retention. Their platform offers immersive training experiences accessible via mobile devices or VR headsets, allowing for scalable practice that reduces skill fade and improves decision-making speed, especially in high-pressure fields like healthcare. Unlike traditional training, Virti's method is backed by research showing significant improvements in knowledge retention. The company aims to lead in workforce training by combining immersive learning with data-driven insights.

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for remote training solutions boosts Virti's market potential.
  • 5G technology enhances VR and AR experiences, benefiting Virti's platform.
  • Increased focus on upskilling aligns with Virti's mission for skill retention.

What critics are saying

  • Competition from tech giants like Microsoft and Google threatens Virti's market share.
  • Rapid technological advancements could render Virti's offerings obsolete without innovation.
  • High VR equipment costs may limit adoption among smaller businesses.

What makes Virti unique

  • Virti offers immersive VR, AR, and MR training for high-pressure environments.
  • The platform provides predictive analytics to assess user performance under pressure.
  • Virti's training solutions are supported by independent, peer-reviewed research.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$11.7M

Below

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$8.2M
Discord
$10M
Virti
$15M
Canva
$100M
GitHub

Benefits

Paid Vacation

Flexible Work Hours

Health Insurance

Remote Work Options

401(k) Retirement Plan

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-20%
Austin Grid
Oct 16th, 2023
University of Texas integrates XR technology into its curriculum

October 16, 2023 - Virti, a provider of experiential immersive training solutions, has recently announced that it has partnered with the University of Texas Medical Branch (UTMB) to introduce immersive learning experiences into its curriculum.

PR Newswire
May 10th, 2023
Survey Finds Learning Development Programmes Positively Impact Revenue

The 2023 State of L&D Report by Virti Shows Whilst Most UK Companies Implement Training for Compliance, yet Courses on Soft skills are Most Important and Benefits Stretch BeyondLONDON, May 10, 2023 /PRNewswire/ -- Most UK companies initiate and maintain learning and development (L&D) programmes to meet compliance requirements – yet many deem soft skills to be the most important training they offer; most say L&D has a positive impact on revenue. That's according to a new report by Virti titled "The 2023 State of Learning and Development." The findings are based on a recent survey of 144 UK-based L&D professionals.Among the top reasons respondents said their organisations conduct training are to ensure compliance (50%), improve employee technical skills (49%); and support their career development (39%). However, respondents also believed courses such as leadership and communication (50%), are the most important offered. Importantly, about two-thirds (67%) said L&D has a positive impact on revenue."While the cause and effect aren't always linear, leaders should be careful to not overlook such significant business outcomes," said Virti CEO Kurt Kratchman . "Some survey-takers aptly noted in open ended comments 'L&D attracts energized talent' and fosters 'a culture of innovative curious thinking,' which are productivity factors that are inherently difficult to assess in a spreadsheet."Top challenges facing L&DMost L&D professionals answering the survey said "budget" (57%) was their top challenge. This was followed by "driving employee engagement" (37%) and "measuring results" (29%)

PR Newswire
Nov 30th, 2022
Ray Kelly Joins Virti As Board Chairman

NEW YORK, Nov. 30, 2022 /PRNewswire/ -- Virti is pleased to announce the appointment of Ray Kelly as Chairman of the Board of Directors. Kelly will bring decades of experience in corporate leadership and education technologies, and a long track record of leading innovative and diverse teams around the world. He is a seasoned, board level leader with a diverse background that features strong leadership, marketing, technology, instructional design, and education commercialization skills."Ray has long been a visionary in edtech, applying his tremendous insight, experience, and passion for technology to the cause of improving lives and building healthier communities," said Kurt Kratchman, Virti's CEO. "His experience as an entrepreneur and technology leader helps him understand the needs and challenges of running a small and fast-growing business. We are excited about attracting Ray to the business and I look forward to working with him to build the organization.""As a thoughtful and passionate leader, Ray has helped bring cutting-edge technologies to some of edtech's most urgent and complex challenges," said Max Bautin, Partner at IQ Capital, and Virti Board Director

Virti
Jun 27th, 2022
Virti launches set of unique immersive VR scenarios

Alongside the Maudsley Learning team, Virti has created a set of unique immersive VR scenarios to be rolled out to healthcare staff.

Campus Technology
Feb 15th, 2022
Virti is developing library of custom VR simulations

University professors worked with immersive training platform Virti to develop a library of custom VR simulations in a wide range of practice areas, including pediatrics, psychiatry, managing eating disorders and dispensing medication.

Recently Posted Jobs

Sign up to get curated job recommendations

There are no jobs for Virti right now.

Find jobs on Simplify and start your career today

💡
We update Virti's jobs every 8 hours, so check again soon! Browse all jobs →