Founded in 2014 by David and Sandra Whelan, Ireland-based Immersive VR Education is a VR/AR software company focused on transforming the delivery and consumption of training and education. It does so by providing a VR platform, “ENGAGE,” that allows educational institutes and businesses to create, share, and deliver VR content for education, training, and online events through its three solutions: Virtual Campus, Virtual Office, and Virtual Events. The company, which is listed on the Enterprise Securities Market (a market regulated by Euronext Dublin) and the AIM of the London Stock Exchange, reported in June 2021 that it reached 100 commercial clients over the past year amidst the pandemic.
In June 2021, the company raised EUR 9 million (USD 10.7 million) in a placement of new ordinary shares. The cash was intended for its new “ENGAGE Oasis” B2B product that will allow businesses to build their own virtual environments. This is in response to demand from enterprise clients to use ENGAGE for other activities such as business meetings and sales events. The company also plans to double its headcount by mid-2022.
Immersive expects to launch ENGAGE Oasis in H1 2022, and describes this corporate metaverse as an always-on, fully persistent virtual world (a cloud-based digital city, if you will), where clients can meet and sell products and services directly to each other. ENGAGE Oasis can be used by business professionals, corporations, young professionals, and college students.
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