AutoVRse, an AR/VR training startup for enterprises, has raised $2.4 million in a funding round co-led by Singularity AMC and existing investor Lumikai, according to inc42.com. The fresh capital will support the company’s international expansion in North America and Europe and enhance its product offerings. This round comes about two years after AutoVRse’s $2 million seed round.
Founded in 2016 by Ashwin Jaishanker and Adarsh Muthappa, AutoVRse develops AI-powered training and field-assistance tools for industrial workers. Its platform, VRseBuilder, converts operational workflows into structured data for VR training, digital twins, remote assistance, and AI-powered guidance. The startup serves over 50 enterprise customers globally, including Amazon, Shell, Bosch, NTPC, HDFC Bank, JSW Steel, and Vedanta, with more than 500,000 workers using its platform across North America, Europe, India, and East Asia.
AutoVRse reported crossing $8 million in annual recurring revenue within 12 months of launching its global product, growing revenue at 250% year-on-year. Its solutions are applied across manufacturing, pharmaceuticals, energy, and healthcare sectors. The startup’s ability to scale internationally and its strong client base position it among notable AR/VR enterprise training providers, following its $2 million seed round led by Lumikai.
The company’s latest funding will accelerate its presence in North America and Europe while strengthening its product suite. AutoVRse’s growth trajectory and client adoption underscore the rising demand for immersive training solutions in industrial sectors, as reflected in its $8 million ARR milestone reported by inc42.com.