Funding · Enterprise Software & IT
AutoVRse raises $2.4 million for VR training platform
By Startup Enthusiast ·
- Date
- Company
- AutoVRse
- What it does
- AI-powered VR training for industries
- Kind
- Funding
- Amount
- $2.4 million
- Stage
- seed
- Based in
- Bengaluru
- Founded
- 2016
- Sector
- Enterprise Software & IT
What they do
AutoVRse provides AI-powered VR training and smart-glasses field guidance for high-precision industries
What happened
It raised $2.4 million in a round co-led by Singularity AMC and existing investor Lumikai
Why it matters
The company has over $8 million in annual recurring revenue and 250% year-on-year growth
The details
- AutoVRse raised $2.4 million in a funding round.
- The round was co-led by Singularity AMC (through its Large Value Fund III and Early Opportunities Fund) and existing investor Lumikai.
- The company provides AI-powered VR training and smart-glasses field guidance for high-precision industries.
- Its core platform, VRseBuilder, captures expert procedural knowledge into structured data for VR training, digital twins, remote assistance, and AI field guidance.
- AutoVRse serves sectors including manufacturing, pharmaceuticals, energy, healthcare, automotive, and heavy industry.
- It has trained over 500,000 users across 50+ enterprise customers.
- The company achieved over $8 million in annual recurring revenue (ARR) within 12 months of global product rollout.
- It has 250% year-on-year revenue growth, with approximately half of revenue generated outside India.
The bigger picture
- The Indian automotive industry's interest in VR training is driven by the EV transition, skilled labour shortage, and the rise of AI-powered smart glasses.
- AI startup funding in India reached $253 million across 29 deals in Q1 2026.
- AutoVRse's previous round was a $2 million seed round led by Lumikai in February 2024.
- Customers include major names like Amazon, Shell, ADNOC, Exxon Mobil, Bosch, UltraTech Cement, JSW Steel, Tata Power, and HDFC Bank.
About the business
- AutoVRse provides AI-powered VR training and smart-glasses field guidance for high-precision industries.
- Its core platform, VRseBuilder, captures expert procedural knowledge into structured, machine-readable data.
- The platform is used for VR training, digital twins, remote assistance, and AI field guidance.
- It serves sectors: manufacturing, pharmaceuticals, energy, healthcare, automotive, and heavy industry.
- The company has over 500,000 users trained across 50+ enterprise customers.
- It achieved over $8 million in annual recurring revenue (ARR) within 12 months of global product rollout.
- Approximately half of its revenue is generated outside India.
- Customers include Amazon, Shell, ADNOC, Exxon Mobil, GE Power, Bosch, UltraTech Cement, JSW Steel, Tata Power, NTPC, Vedanta, Hindalco, Godrej, Welspun, Intas, Abbott, Panasonic, TVS Motor Company, Ashok Leyland, Tata AutoComp, Lumax, KPIT Technologies, Birla Carbon, and HDFC Bank.
What happens next
- Funds will be used for compliance certifications (GMP, QSR, ISO frameworks).
- Funds will be used for enterprise integrations (LMS, QMS).
- Funds will be used for go-to-market expansion in North America, Europe, GCC, and India.
- The company plans to develop a new product layer combining VR-based pre-shift training with AI-powered smart-glasses support during live operations.
The deal
- Type
- seed
Investors
- Singularity AMC (co-lead) — An asset management company that invested through its Large Value Fund III and Early Opportunities Fund.
- Lumikai (co-lead) — Existing investor in AutoVRse, previously led the $2 million seed round in February 2024.
Founders
- Ashwin Jaishanker, Co-Founder and CEO
- Adarsh Muthappa, Co-Founder
About AutoVRse
- Product
- AI-powered training and real-time field guidance through VR modules, smart glasses and mobile applications for industrial workers
- Customers
- Large enterprises in manufacturing, pharma, energy and automotive sectors
- How it makes money
- SaaS subscription model for enterprise training and operational efficiency
- What sets it apart
- Decade-long experience in frontline worker training with strong enterprise customer base and 250% YoY revenue growth
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