What is IrisVR?
IrisVR specializes in immersive virtual reality solutions specifically engineered for the architecture, engineering, and construction (AEC) sectors. By integrating seamlessly with industry-standard software such as Revit, Rhino, and Navisworks, the platform enables professionals to conduct real-time virtual walkthroughs and collaborative design reviews. This capability significantly reduces project friction, allowing stakeholders to identify design flaws and optimize spatial planning before physical construction begins. The company's hardware-agnostic approach, supporting devices ranging from the Oculus Rift to the Meta Quest 2, ensures that its software remains a versatile tool for modern engineering teams seeking to enhance visualization and project coordination.
How much funding has IrisVR raised?
IrisVR has raised a total of $12.1M across 4 funding rounds:
Private Equity
$2.1M
Angel/Seed
$1.6M
Series A
$8M
Debt
$350K
Private Equity (2015): $2.1M, investors not publicly disclosed
Angel/Seed (2015): $1.6M led by Valar Ventures and Indicator Ventures Select I
Series A (2016): $8M supported by Indicator Ventures Select I, Valar Ventures, Morningside Group, Emergence Capital Partners, and Azure Capital Partners
Debt (2020): $350K featuring PPP
Key Investors in IrisVR
Valar Ventures
Valar Ventures is an investment firm focused on high-margin, fast-growing financial technology companies globally, seeking out exceptionally focused teams with large ambitions.
Indicator Ventures Select I
Indicator Ventures is a pre-seed and seed stage venture capital firm that focuses on investing in technology companies across the U.S. with a decade of experience in nurturing transformational startups.
Emergence Capital Partners
Emergence is a leading venture capital firm focused on early-stage enterprise companies, dedicated to partnering with firms that are fundamentally changing how the world works.
What's next for IrisVR?
Looking ahead, IrisVR is well-positioned to capitalize on the increasing demand for remote collaboration tools in the built environment. The recent strategic investment of $350K provides the necessary runway to accelerate product development and expand its footprint in the enterprise market. As the AEC industry continues to undergo digital transformation, IrisVR is expected to focus on deepening its software integrations and enhancing the fidelity of its virtual environments. By maintaining its focus on high-margin enterprise clients and leveraging its established partnerships, the company is poised to remain at the forefront of the spatial computing revolution, driving efficiency and innovation across the global construction lifecycle.
See full IrisVR company page
