Praxis Labs, a VR-based employee training platform, secured an undisclosed investment from Accenture Ventures.

The investment from Accenture Ventures will allow Praxis Labs to leverage Accenture's expertise and tap into its extensive network of enterprise clients, fostering a collaborative environment for innovation at Accenture’s innovation hubs, labs, and liquid studios, thereby facilitating the adaptation of Praxis Labs' solutions for the enterprise market.

Analyst QuickTake: The investment from Accenture Ventures builds upon Praxis Labs' earlier successes in securing seed funding and a Series A funding round. This capital infusion provides financial resources and validation of the market demand for Praxis Labs' VR-based employee training platform. The involvement of prominent investors further reinforces the company's ability to attract support and signals a positive outlook for its overall product strategy.