VR training start-up Transfr raises $40 million in funding to boost the platform and create new simulations

Transfr's guests include Fortune 500 enterprises, original government agencies.

Virtual reality (VR) training start-up Transfr has raised $40m in a Series C backing round. The round was led by ABS Capital, with participation from JPMorgan Chase Impact Finance, Advisory, Lumos Capital Group, Akkadian Ventures, Spring Tide Capital, Firework Gambles, and Album. The new finances will be used to expand the establishment's client base, develop its virtual reality and simulation platforms, and invest in its immolations. Transfr provides hands-on, real-world training using VR simulations that guide druggies through tasks and give feedback about performance.

The company targets" middle-class" jobs that require more education and training than high-school qualifications but are lower than a degree. Transfr's guests include Fortune 500 enterprises, original government agencies, and community associations. The platform charges guests a software-as-a-service (SaaS) license, which includes the use of Meta's Oculus Quest headset with Oculus for Business. The finances will be used to expand Transfr's foreign language courses and enhance its immersion with new content. The company also plans to build out its administrative platoon and invest in new training simulations.