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SimX

Extended Reality
Healthcare Resourcing Platforms
Product stageSegments
Seed
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AR/VR platforms
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SimX is a provider of VR enterprise training solutions compatible with wired and wireless XR headsets, with the company’s patented technology allowing students, instructors, and observers to work together on the same virtual cases focused on medical scenarios. As of January 2024, its VR system featured 250+ patient models and environments, and 300+ tools and procedures, allowing for robust tailor-made solutions for specific enterprise clients. Use cases are based on the Society for Academic Emergency Medicine’s open-source case model and constructed as a series of interdependent states in line with education standards, offering reporting and debrief tools for tracking performance over time, along with moderator tools for controlling the case and adjusting difficulty for learners.

Types of VR training applications include 1) Emergency Medical Services (EMS, a training system for first responders), 2) Nursing, a training system for healthcare professionals with fully customizable dialogue for a wide range of scenarios, and 3) the Virtual Advancement of Learning and Operational Readiness (VALOR) program, a training system for military healthcare personnel developed in partnership with the US Air Force in October 2020. The VALOR program is composed of different military medical training scenarios including the VALOR CORE, VALOR En Route Care (to June 2023), VALOR TCCC-ARC (September 2023), VALOR EMS and VALOR CBRNE (October 2023), and VALOR SUC (to be available in June 2024).

In March 2023, the company announced the launch of the SimX Marketplace, a library of custom-built learning scenarios created by its clients. The company shares a percentage of revenue with the creators of the experiences, for each download. Previously, in January 2023, the company announced that it would be training United States Space Force (USSF) staff for astronaut recoveries and space launches. The company also used to offer COVID-19 training simulations as well.

The company offers three tiers of its services 1) Free, 2) Pro (which allows for custom scenario creation on the platform, priced at USD 3,000 per headset or USD 100 per student per year), and 3) Custom (custom built solutions by SimX priced at USD 8,000–USD 20,000).

Key customers and partnerships

As of January 2024, SimX’s platform was used by over 400 enterprises, with prominent customers including the US Air Force, Stanford, NYU, and academic medical center Mayo Clinic.

The company had multiple partnerships including with the US Air Force and USSF (expanded its existing partnership with four new contracts in May 2021), Special Operations Center for Medical Integration and Development (SOCMID; provided technology for the training of Air Force medical officers in March 2021), and global information analytics business Elsevier (Built Elsevier’s Simulation Learning System in February 2021).

Funding and financials

In January 2023, the company received USD 1.7 million in funding received through a contract from SpaceWERX Phase II Small Business and Innovation Research (SBIR) to upgrade its VR Medical Simulation System (VRMSS). SimX subsequently launched the program as a commercially available solution to back the human spaceflight industry.

Extended Reality

Extended Reality

Key stats
Featured companies
240
Total funding (USD)
13.6 Bn
Total addressable market (USD)
100.4 Bn
Key competitors
 
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Company Brief


HQ location:
Mountain View, CA, US Mountain View CA USA
Founded year:
2013
Employees:
11-50
Total Funding:
USD 2.8 million
Last Funding
USD 1.7 million, Feb 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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