Industrial AI transformation platform AutoVRse has raised $2.4 million in a new funding round co-led by Singularity AMC through its Large Value Fund III and Early Opportunities Fund, alongside participation from existing investor Lumikai.
The latest investment comes less than two years after the Bengaluru-based startup secured $2 million in seed funding led by Lumikai in February 2024, reflecting growing investor confidence in the company’s vision of transforming industrial workforce training and operations through artificial intelligence and immersive technologies.
Driving the Future of Industrial Training
Founded in 2016 by Ashwin Jaishanker and Adarsh Muthappa, AutoVRse develops AI-powered solutions designed to enhance workforce training, operational efficiency, and real-time decision-making in industrial environments.
The company’s platform combines virtual reality (VR) training modules, AI-powered smart glasses, and mobile applications to provide workers with immersive learning experiences and on-the-job guidance. These solutions enable enterprises to improve workforce readiness, reduce operational errors, and enhance safety across complex industrial operations.
As industries increasingly adopt digital transformation initiatives, technologies such as AI, augmented reality, and virtual reality are becoming critical tools for workforce development and operational excellence.
Funding to Fuel Product Innovation and Global Growth
According to the company, the fresh capital will be deployed toward accelerating product development, strengthening integrations with enterprise customer infrastructure, and expanding its go-to-market efforts across North America.
The investment will also support AutoVRse’s efforts to further develop its industrial AI capabilities, helping enterprises deploy intelligent training and assistance systems at scale.
With demand growing for digital workforce solutions across manufacturing, energy, logistics, and industrial sectors, the company sees significant opportunities in global markets where organizations are increasingly investing in technology-driven productivity and safety initiatives.
Serving Global Industry Leaders
AutoVRse has built a strong international customer base, serving more than 500,000 users across over 50 enterprise customers spanning North America, Europe, the Gulf Cooperation Council (GCC) region, and India.
Its client portfolio includes several global industry leaders such as Amazon, Shell, ADNOC, ExxonMobil, Bosch, and NTPC.
The company’s ability to attract and retain large enterprise customers highlights the growing demand for AI-powered training and operational support tools across industries where workforce performance and safety are critical.
Strong Revenue Momentum
AutoVRse has demonstrated significant commercial traction following the global rollout of its platform. The company reports surpassing $8 million in annual recurring revenue (ARR) within 12 months of launching its product internationally.
Nearly half of its revenue now originates from international markets, underscoring the platform’s growing global relevance. The startup also claims to have achieved 250% year-on-year revenue growth, reflecting strong enterprise adoption and increasing demand for industrial AI solutions.
Capitalizing on the Industrial AI Opportunity
As industries worldwide accelerate digital transformation, industrial AI is emerging as one of the most promising technology segments. Organizations are increasingly looking for solutions that can improve workforce productivity, reduce training costs, enhance operational efficiency, and address skilled labor shortages.
By combining artificial intelligence with immersive technologies such as virtual reality and smart wearables, AutoVRse is positioning itself at the forefront of this shift.
The latest funding round is expected to strengthen the company’s product capabilities and international presence as it continues its mission of modernizing industrial operations through intelligent, scalable workforce solutions.
About AutoVRse
AutoVRse is an industrial AI transformation platform founded by Ashwin Jaishanker and Adarsh Muthappa. The company provides AI-powered workforce training and real-time operational guidance through virtual reality modules, smart glasses, and mobile applications. Headquartered in Bengaluru, AutoVRse serves global enterprises across manufacturing, energy, logistics, and industrial sectors, helping organizations improve workforce performance, safety, and operational efficiency.
By: Arushi Agarwal
