Transfr

Transfr VR produces virtual reality (VR) simulations for on-the-job training. These simulations act like virtual coaches, adapting to the individual's pace and skills, and responding to mistakes. The company charges its customers a software-as-a-service licensing fee for access to its software which grants access to a library of work simulations, and VR training tools can be customized for each different customer.

Key customers and partnerships

In January 2021 it was reported that Transfr VR is collaborating with Brightline Defense, an environmental justice nonprofit, and CityBuild Academy, a San Francisco jobs training program, to launch a free, citywide program to make construction job training more accessible to young adults aged 18 to 21 with a focus on high school seniors. Using Oculus VR headsets, students use a custom version of the TRANSFR app to gain a 360-degree view of a construction jobsite and learn basic skills such as workplace safety, tool identification, and the use of personal protective equipment.

Funding and financials

In September 2023, Transfr raised USD 40 million in a Series C growth funding round led by ABS Capital. The funding will be used to expand its executive leadership team, scale its platform, and develop new training stimulations.