AutoVRse, an industrial AI transformation platform, has raised $2.4 million in a funding round co-led by Singularity AMC’s Large Value Fund III and Early Opportunities Fund, along with existing investor Lumikai. Previously, the Bengaluru-based startup had secured $2 million in a seed funding round led by Lumikai in February 2024. The fresh capital will be used to accelerate product development, deepen integrations with customer infrastructure, and expand go-to-market efforts in North America, the company said in a press release. Founded in 2016 by Ashwin Jaishanker and Adarsh Muthappa, AutoVRse provides AI-powered training and real-time field guidance for industrial operations through VR modules, AI-powered smart glasses, and mobile applications. The company claims to have served more than 500,000 users across over 50 enterprise customers in North America, Europe, the GCC, and India, including Amazon, Shell, ADNOC, ExxonMobil, Bosch, and NTPC. AutoVRse says it has crossed $8 million in ARR within 12 months of its global product rollout, with nearly half of its revenue coming from international markets and revenue growing 250% year-on-year. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
