Virti, a digital training platform, has raised an additional $10 million in Series A funding.
The round was led by IQ Capital and drew support from Cedars-Sinai Medical Center as well as a new UK-based learning tech VC fund.
Launched in 2018 by Dr Alexander Young, an NHS trauma and orthopedic surgeon, Virti seeks to help organizations optimize learning, training, and performance using interactive simulations and AI-powered data analysis.
The pandemic has indeed shone a spotlight on the need for organizations and HR teams to upskill individuals in an engaging and scalable way — and Virti claims its deep learning tech helps improve training outcomes by up to 230%.
Young, the CEO and founder of Virti, said:
“At Virti, our goal is to maximize human performance by making experiential learning affordable and accessible for everyone. In-person training has always been expensive with e-learning often unengaging — and research shows that employees forget upwards of 80% of episodic training.
“Virti exists to help organizations get the very best out of their people, by improving how teams train, learn, and perform using scalable deep learning technology with a focus on soft-skills.
Max Bautin, Managing Partner at IQ Capital, added:
“E-learning has seen strong growth over the past five years, and COVID-driven shift to remote work has increased demand many times over. Virti’s deeptech experiential learning platform is by far the best in the world. We are privileged to lead this highly competitive round and partner with Alex and his super-talented team to deliver on this exceptional growth opportunity.”
Yessi Bello Perez is a contributor at UNLEASH. The former editor of UNLEASH, Yessi is a seasoned technology and business journalist passionate about technology, people, and the future of work. She is a regular contributor to Times Radio in the UK. She also co-hosted a podcast for fDi Intelligence (Financial Times) and wrote a column about rising startup ecosystems. Yessi’s work has featured in several other leading publications including the Evening Standard, The Next Web (TNW), and UKTN. She is a sought-after panelist, event host, speaker, and moderator at technology events.