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Strivr

EdTech: Corporate Learning
Extended Reality
Product stageSegments
Early
?
Learning and engagement tool
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Strivr has developed a virtual reality (VR) product for workplace training that simulates real-world and on-the-job situations. Strivr was incubated at Stanford University when co-founder and CEO Derek Belch developed a VR application in 2014 to help football players train off the field. The company's focus later shifted to workplace training. Its products combine interactive 360-degree videos with computer-generated scenarios in which trainees must actively participate. Strivr exclusively uses Oculus headsets for its VR experiences. As of March 2020, Strivr’s 22,000 VR headsets in operation had registered 1.6 million sessions.

In 2017, Strivr partnered with Walmart to bring VR instruction 200 “Walmart Academy” instruction centers and all Walmart stores. In March 2021, Bank of America announced that it was rolling out Strivr’s VR product to thousands of employees across its 4,000 banks after a pilot program with about 400 employees. The bank plans to incorporate VR into its corporate learning program, “The Academy,” and apply the technology across a range of training areas such as notary services, fraud detection, and practicing empathy with customers.

In April 2022, Strivr raised USD 35 million in a funding round led by Georgian Partners and will use the funds for platform development. The company also announced that it is part of Accenture Ventures’ Project Spotlight, a program focused on investing in developers of disruptive technologies. Additionally, the company is part of the Workday Software Partner Program, with plans to integrate its technology with Workday Content Cloud.

EdTech: Corporate Learning

EdTech: Corporate Learning

Key stats
Featured companies
123
Total funding (USD)
12.1 Bn
Total addressable market (USD)
53.6 Bn
Key competitors
 
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Product Overview
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Company profile
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EDGE Insights

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Talespin teardown: Adding an alternate reality to corporate learning
Corporate learning: On a mission to engage

Recent Updates

Partnerships
Product updates
May 22, 2023
Strivr introduces generative AI content creation capabilities; expands VR mental health content library
Extended Reality
Funding
Apr 19, 2022
Strivr raises USD 35 million in an extended Series B funding round
Extended Reality
Funding
Apr 19, 2022
Strivr raises USD 35 million in an extended Series B funding round
EdTech: Corporate Learning

Company Brief


HQ location:
Palo Alto CA USA
Founded year:
2015
Employees:
101-250
Total Funding:
USD 86.0 million
Last Funding
USD 35.0 million, Apr 2022

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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