Virtual reality workforce learning startup Gemba said today it has closed on an $18 million early-stage funding round that brings its value to $60 million.
The U.K.-based startup, officially known as TLN Training Ltd., said today’s Series A round was led exclusively by New York based investor Parkway Venture Capital, with the funding to help accelerate its growth in Europe, the Middle East and Africa and also help it expand into the North American market for the first time.
Gemba calls itself a leader in the new virtual reality-as-a-service corporate training business. It has created a unique offering that combines its VR headsets with software and content to help enterprises train distributed workforces across multiple sites. It does so through a series of immersive training programs, simulated factory walks and live training events that must be accessed by donning a VR headset.
Parkway Venture Capital’s co-founder and General Partner Gregg Hill said he believes Gemba is positioned to transform the way global organizations train workforces across all critical learning and development areas. He cited its interactive, on-the-job skills training, its safety courses and its leadership training programs, among others.
“With its immersive platform and deep expertise in workforce training, Gemba is primed to scale and expand into multiple markets, emerging as the future-of-work training leaders for the 21st century enterprise,” Hill said.
Johnson & Johnson Manager of Leadership Development Laura Flanaghan reported a similar experience, saying that it plans to integrate its virtual reality training into its global leadership programs this year and beyond.
Gemba Chief Executive Nathan Robinson said today’s funding validates his claim that the company is at the forefront of a new enterprise metaverse.
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