Ready VR and PromiseVR from Moth+Flame put users in a simulated real-world environment that responds to vocal cues
➨ Moth+Flame, a developer of virtual reality training technology, plans to use the funds for key strategic hires in sales and development
➨ The $2.5 million seed funding round was led by Bee Partners
➨ Current customers include the US Air Force and Accenture
Moth+Flame, a developer of virtual reality training technology, has raised $2.5 million of seed funding.
The New York, USA-based company, which launched in 2015 and has almost 40 employees, bootstrapped operations for the last six years before raising outside funding. It plans to use the funds for key strategic hires in sales and development.
They provide content building tools and a virtual learning platform as end-to-end virtual solutions for public and private sector customers, including the US Air Force and Accenture.
Available on a subscription basis, Moth+Flame says its solutions effectively train in a remote environment while accelerating the learning process, improving comprehension, and removing the cost and geographic barriers inherent in physical training programmes.
Ready VR and PromiseVR’s unique selling point is putting users in a simulated real-world environment that responds to vocal cues. They use their own voice in conversations with human actors, offering a deep level of immersion and agency that creates a long-lasting emotional impact.
Kevin Cornish, chief executive officer and founder of Moth+Flame, comments: “Through PromiseVR, we have quickly expanded Moth+Flame’s business into the workplace, as the demand for corporate immersive training programs has never been higher. We’re the only solution that can upskill and train the next-gen workforce, while also providing technology built to address the strict security requirements of the military.
“From confronting critical issues like racial bias and suicide prevention to powering immersive learning for pilots and office workers, Moth+Flame’s technology ushers in a new future of education. Our investors recognise the important work we do and have armed us with the tools we need to grow faster than ever.”
The $2.5 million seed funding round was led by Bee Partners with additional investment from First In, Meeting Street Capital, Service Provider Capital, Spacecadet, and Dan Farah, producer of 2018 movie Ready Player One.
Michael Berolzheimer, founder and managing partner at investor Bee Partners, says: “Moth+Flame’s technology fits seamlessly into the needs of so many industries and as we head into a new economic normal, companies are going to need dynamic ways to prepare, train, and upskill their workforces.”
“This investment is going to help Moth+Flame reach even more businesses looking to ensure safe and supportive workplace environments, and we look forward to witnessing its positive impact.”
US Air Force and Accenture
Moth+Flame’s Ready VR customers include the US Air Force, which has a five-year, sole-source IDIQ contract in place with the company.
Through this work, Moth+Flame has developed pilot and maintenance training across 12 aircraft, as well as suicide and sexual assault prevention curriculum.
Moth+Flame’s PromiseVR platform allows commercial customers including Accenture to deploy soft skills training across the workforce.
“Moth+Flame’s VR technology addresses some of the most pressing and nuanced issues faced in the workplace today,” comments Molly Tierney, managing director for the North American public sector at Accenture. “At Accenture, we’ve seen firsthand how immersive training can make an incredible, long-lasting impact in a short time. Moth+Flame ushers in a bright future for our world at work and at large.”