Bengaluru-based AutoVRse today said it has raised $2.4 million in a funding round co-led by Singularity AMC's Large Value Fund III and Early Opportunities Fund, and existing investor Lumikai, an interactive media, digital platforms and games VC.

“At AutoVRse, we have spent a decade building training content for frontline workers. We've amassed the most accurate digital representation of how physical work gets done. The same way self-driving cars were first trained inside video games and 3D simulations before they hit the road, the AI that powers high-precision industries is being trained inside digital twins built on VRseBuilder. We're grateful to Singularity AMC for backing this vision, and to Lumikai, who've believed in this bet for years,” said Ashwin Jaishanker, Co-Founder and CEO, AutoVRse.

“AutoVRse is creating real impact with AI on the factory floor and in pharma labs, and that is what the investment thesis is built on. The company operates at the intersection of AI and the global manufacturing revolution. We believe this is how the world will train and operate its industrial workforce over the next 10 years. AutoVRse sits at the edge of a massive, largely untapped market, and we believe the growth from here will be extraordinary.” said Yash Kela, Founder & Chief Investment Officer, Singularity AMC.

The startup will use the raised capital to accelerate product development across critical industries, deepen integrations with customer infrastructure, and scale go-to-market efforts across North America. It also plans to expand further in Europe, the GCC and India.

About AutoVRse

AutoVRse, a Bengaluru-based enterprise XR and AI platform, has been founded in 2016 by Ashwin Jaishanker (CEO) and Adarsh Muthappa (CTO). The startup deploys VR-based training and smart glasses-enabled field guidance across manufacturing, pharmaceuticals, energy and healthcare. It claims to serve over 500,000 users at more than 50 enterprise customers across North America, Europe, the GCC and India, including Amazon, Shell, ADNOC, Exxon Mobil, Bosch, NTPC, HDFC Bank, UltraTech Cement, JSW Steel, Tata Power, Vedanta, Hindalco, Godrej, Torrent Power, Welspun, Intas and Abbott.