Transfr raises $12 million for virtual reality training platform

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Transfr has raised $12 million in funding as the immersive technology company embarks on a large-scale roll out of its virtual reality training platform in Alabama

Quick read

➨ US-based Transfr, headquartered in New York, raised $12 million during a series A funding round
➨ The round was led by Firework Ventures, an emerging venture fund founded by Brigette Lau and Ashley Bittner
➨ Transfr is is working with AIDT, Alabama’s workforce agency, and the Alabama Community College System to provide skills training for new careers

The story

Transfr is the latest immersive technology company focused on virtual reality training to receive significant funding.

US-based Transfr, headquartered in New York, raised $12 million during a series A funding round led by Firework Ventures, an emerging venture fund founded by Brigette Lau and Ashley Bittner, who, with a background as a former Department of Education appointee, will also join the immersive technology company’s board.

Firework joins Transfr’s existing investors, which include Album VC, Imagination Capital, professional golfer Greg Norman, education executive Stuart Udell, Tampa Bay Lightning owner Jeff Vinik and Degreed founder David Blake.

The $12 million investment in Transfr follows big funding rounds for soft skills-focused Bodyswaps and Talespin. Hard skills-focused providers such as Osso VR are also raising significant funds.

What sets Transfr apart from these other immersive technology companies is that its workplace virtual reality-based training platform targets the skills gap and unemployed.

The immersive technology company is working with AIDT, Alabama’s workforce agency, and the Alabama Community College System to provide skills training for new careers.

Job seekers across the US State of Alabama can access the Transfr curriculum via a new statewide partnership called JumpstartAL, which is designed to retrain unemployed workers for roles in sectors such as automotive manufacturing and construction.

Transfr’s curriculum is delivered via Oculus Quest and Oculus for Business, making it easy and cost effective to use and scale across multiple locations.

According to Ed Castile, deputy secretary of  the Alabama Department of Commerce and executive director at AIDT, making skills training “more accessible, relevant, and engaging can help to bring technical careers to life and open them up to workers in search of their next step”.

He added: “This work is helping to bridge the gap between unemployed workers and hands-on, technical skills training required in fast-growing fields across our state.”

David Walters, director of special projects and system initiatives at the Alabama Community College System, described Transfr’s training simulations as “lifelike” and said they will help “to equip students to compete and thrive in high-growth industries”.

Commenting on Transfr’s technology and platform, founder and chief executive officer Bharanidharan Rajakumar said: “By simulating on-the-job experience, we’re helping to transform skills training into a more engaging and immersive experience and bridge the gap between work-based learning and classroom instruction.”

“Empowering high-potential workers with access to hands-on, practical training is unlocking better careers and higher wages—regardless of their employment history.”

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Image: Transfr

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