Mursion, a US-based player in immersive virtual reality training for emotional intelligence in the workplace, raised US$ 20 million Series B financing on 30 November 2020. The funding round was led by Leeds Illuminate.
2020 has been a great year for Mursion, with highlights such as inclusion in Fast Company’s “World’s Most Innovative Companies 2020,” a multi-phased roll-out of intricate new software features, including photorealistic avatars and environments, enhanced learning analytics and a rise in demand for its trademark simulations that blend artificial intelligence and live human interaction.
About Mursion
Founded in 2014 by Arjun Nagendran and Mark Atkinson, Mursion is at the forefront of training individuals to be more empathetic and emotionally adept via virtual reality simulations that feature immersive interactions with human-guided avatars. Mursion provides immersive VR training for essential skills in the workplace. Its simulations are designed for the modern workforce, staging interactions between learners and avatars.
The COVID-19 pandemic has accelerated a shift towards virtual learning. And Mursion’s ability to provide challenging, immersive, hyper-realistic simulations of challenging workplace conversations have played a major role in it. In 2020, Mursion partnered with top companies like T-Mobile, Coca-Cola, and LinkedIn and signed new deals with industry leaders like H&R Block, Indeed, Blue Cross Blue Shield and Johnson & Johnson.
Mursion has numerous clients in the government, healthcare, higher education sectors. Mursion helps them to practice a wide range of skills including leadership development, conflict resolution, clinical reasoning and sales. It is also a safe place to learn and practice human skills like emotional intelligence, adaptability and resilience, in an authentic risk-free environment.
“Mursion was founded on the basis that human skills, such as the ability to give constructive feedback and to deescalate interpersonal conflicts are not merely “nice-to-have” capabilities in the workplace, they are paramount to an individual’s and an organization’s success. Numerous studies have proven that companies that build a mutually supportive culture at work show more growth in revenue,” said Mursion CEO Mark Atkinson.
Mursion Co-Founder and Chief Technology Officer Arjun Nagendran said, “Effectively combining the latest advancements in virtual reality, artificial intelligence, and human reasoning unlocks the potential to create human behavioral change. This change, afforded via Mursion’s immersive technology, will be at the heart of driving every organization’s productivity and impact in the next decade.”
What Investors have to say
“Mursion’s extraordinary recent growth is evidence of the market need for an immersive and easily accessible platform to practice behaviors tied to strategic imperatives, across the business, healthcare, government and education environments,” said Susan Cates, Managing Partner of Leeds Illuminate. “Mursion’s unique approach delivers measurable results and real impact for learners ranging from doctors to front-line managers to K12 teachers.”
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