Czech Republic-based company specialising in delivering virtual and mixed reality pilot training systems, Vrgineers closed Series A financing at USD 6 million. The company announced the investment on November 28, 2023. Taiwania Capital led the financing for the company.
Purpose of financing for Vrgineers
With the latest financing, Vrgineers plans to expand its product portfolio. The company plans to announce a new version of the XTAL headset later this year. It also seeks to secure growth in new markets.
What the company’s official has to add
Marek Polcak, Vrgineers CEO, said, “We are proud and feel honoured that Taiwania has chosen to invest strategically in our company. This investment is not just about the necessary funds to boost our activities and products, but it also brings a great deal of overlap. This strategic investment has connected us with the leaders in the electronics development and manufacturing industry. With this connection, we can now improve our technology to the highest level possible.”
What the investors have to comment
Mitch Yang, Managing Partner of CEE Fund at Taiwania Capital, further said, “We are impressed by how Vrgineers integrated the most advanced VR/MR headsets with cutting-edge flight simulation software to deliver uniquely positioned pilot training simulators. The Vrgineers’ systems offer a fully immersive training experience with improved quality that is also very cost-effective. Although its first application is for aviation, the company’s technology could be used in industries where training for heavy equipment operation is essential. This is our first investment in the Czech Republic. We look forward to working closely with Vrgineers and to connecting them with Taiwan’s aerospace industry as they enter the phase of rapid growth.”
What the officials of Nation 1 has to comment
Marek Moravec, Nation 1 Managing Partner, further said, “We have a strong belief in the success of Vrgineers and all the other companies in our portfolio. We are fully committed to supporting them in their growth and providing the necessary resources for their success. Our goal is to help these companies achieve their full potential and make a positive impact in their respective industries. “
About the company
Marek Polcak is the CEO of Vrgineers. The company specialises in delivering virtual and mixed-reality pilot training systems (Synthetic Training Environment, STE) for professional and military clients. The company also develops and manufactures the XTAL, a virtual and mixed reality headset with the highest fidelity and the widest field of view available on the market.
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