What is STRIVR?
Founded in 2015 and headquartered in Menlo Park, California, STRIVR Labs has established itself as a leader in developing a virtual reality (VR) platform designed to train individuals and enhance performance across various industries. The company's technology leverages immersive VR experiences to deliver effective and scalable training solutions, addressing the growing need for advanced skill development in the modern workforce. STRIVR's platform aims to bridge the gap between traditional training methods and the demands of an evolving job market, positioning it as a key player in the corporate training technology sector.
How much funding has STRIVR raised?
STRIVR has raised a total of $83M across 3 funding rounds:
Series A
$5M
Unspecified
$16M
Series B
$62M
Series A (2016): $5M with participation from Advancit Capital, BMW, Signia Venture Partners, and Presence Capital
Unspecified (2018): $16M led by GreatPoint Energy
Series B (2020): $62M supported by Georgian, Alumni Ventures, Prologis, Franklin Templeton, and GreatPoint Energy
Key Investors in STRIVR
Georgian
Georgian is a growth-stage investment firm that partners with B2B software and AI companies, providing capital, strategic guidance, and technical expertise to help businesses scale and innovate.
Alumni Ventures
Alumni Ventures Group (AVG) creates and manages alumni venture capital funds at top colleges and universities, offering a tested playbook and operational support to venture capital firms.
Prologis
Prologis, Inc. is a global real estate company specializing in the ownership, development, and management of logistics facilities and distribution centers, supporting supply chains and e-commerce operations.
What's next for STRIVR?
With the recent infusion of $62M in a major strategic investment, STRIVR is poised for accelerated growth and market expansion. This significant capital backing, contributing to its overall $83M in funding, suggests a strategic focus on enhancing its platform capabilities, broadening its customer base, and potentially exploring new verticals for its VR training solutions. The company's trajectory indicates a strong emphasis on scaling its operations and solidifying its position as a dominant force in the enterprise VR training market, likely moving towards further market penetration and technological innovation.
See full STRIVR company page
