AR/VR Startup AutoVRse Raises $2.4 Mn To Fuel International Expansion
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AutoVRse, a startup that provides AR/VR training to enterprises, has raised $2.4 Mn (₹22.7 Cr) in a funding round co-led by Singularity AMC and existing investor Lumikai.
The fresh capital, which comes about two years after AutoVRse’s $2 Mn seed round, will help it fuel its international expansion in North America and Europe while also helping strengthen product offerings.
The startup claims to serve more than 50 enterprise customers globally, including Amazon, Shell, Bosch, NTPC, HDFC Bank, JSW Steel and Vedanta.
It claims that its platform is being used by more than 5 Lakh workers across North America, Europe, India and the East Asian market. AutoVRse further claimed that it has crossed $8 Mn in annual recurring revenue (ARR) within 12 months of rolling out its global product and has been growing revenue at 250% YoY.
Founded in 2016 by Ashwin Jaishanker and Adarsh Muthappa, AutoVRse develops AI-powered training and field-assistance tools for industrial workers. Its offerings include virtual reality (VR)-based training modules and smart glasses-enabled guidance systems used across sectors such as manufacturing, pharmaceuticals, energy and healthcare.
The startup’s core platform, VRseBuilder, captures operational workflows from experienced workers and converts them into structured data that can be used for applications such as VR training, digital twins, remote assistance and AI-powered field guidance.
Earlier, AutoVRse secured $2 Mn in a seed funding round led by Lumikai in February 2024. The round also saw participation from TensorFlow cofounder Rajat Monga and Jumper.ai founder Yash Kotak.
At the time of its 2024 funding round, AutoVRse had said it would use the capital to strengthen VRseBuilder and expand its presence in the US market by building a dedicated B2B sales team.
The fundraise comes amid growing investor interest in startups building AI products for enterprise and industrial use cases. Over the past few months, investors have backed a number of specialised AI startups rather than broad consumer AI plays.
While AI-based call management startup Equal AI nabbed $30 Mn from Prosus and Tomales Bay Capital last week, enterprise AI video platform TrueFan AI raised $10 Mn from investors like Baring PE India and Z3Partners earlier in June
The trend reflects a broader shift in India’s startup ecosystem, where investors are increasingly backing startups with domain-specific AI applications in sectors such as manufacturing, enterprise software, semiconductors and industrial automation.
Funding for AI startups gained significant traction in the first quarter of 2026, with investors pouring in $253 Mn across 29 deals during the period. The increasing deal activity suggests that while cheque sizes may still be evolving, AI is becoming a structural theme in venture investing.
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