• Gemba, a virtual reality training platform, has raised $18 million in a Series A funding round led by Parkway Venture Capital.
• The investment values the company at $60 million and is meant to help Gemba expand into Europe, the Middle East, Africa, and North America.
• Gemba has worked with major companies such as Nike, Carlsberg, and AstraZeneca to provide life-like training experiences via VR headsets.
Gemba, a pioneering VR software company, has recently secured a whopping $18 million in a Series A funding round led by Parkway Venture Capital, valuing the company at a whopping $60 million. This investment is going to provide the necessary financial muscle for the company to expand its reach into Europe, the Middle East, Africa, and North America.
Gemba has been providing virtual reality training to big brands such as Nike, Carlsberg, and AstraZeneca, offering life-like training experiences via VR headsets. The company’s services have been utilized by over 4000 executives. A recent example is the Aptiv augmented reality workforce training which has enabled the leading automotive supplier to convey in-depth knowledge at a very minimal cost.
Gemba charges quite a hefty amount for the training programs, with each program costing around $7,250. For a team of 50 people, the company offers an enterprise subscription for $120,000 per year, and for larger teams, the cost can even go up to $1.2 million.
Nathan Robinson, CEO of Gemba, described the company’s services as an impactful solution to the challenges faced by transformational leaders who wish to equip their workforce with cost-effective training. Jesse Coors-Blankenship, co-founder and General Partner of Parkway Venture Capital, expressed his excitement to welcome Gemba to their growing portfolio of pioneering technologies of the future.
The $18 million funding round is an indication of the growing demand for virtual reality training in the industry, and Gemba is well-poised to take advantage of this trend and continue its impressive growth trajectory.