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Valkyrie Industries secures undisclosed investment from ASICS Ventures Corporation
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Jun 15, 2023
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Extended Reality

Extended Reality

Jun 15, 2023

Valkyrie Industries secures undisclosed investment from ASICS Ventures Corporation

Funding

  • Valkyrie Industries, a tech startup specializing in VR fitness experiences through its patented Haptics EMS technology, has secured an undisclosed investment from ASICS Ventures Corporation.

  • The funding will be used to accelerate the growth of Valkyrie Industries and bring its product, "EIR Armbands," to market. The EIR Armbands are wearable muscle-based haptics that combines VR and electrical muscle stimulation. The company also plans to collaborate with ASICS Corporation on EIR Training, a virtual fitness training platform.

  • Valkyrie Industries has developed a hardware and software platform aimed at delivering muscle-based haptics in immersive sports experiences. Its EIR Training program allows users to participate in virtual fitness classes led by coaches in the metaverse, customizing the experience to individual needs.

  • Analyst QuickTake: Valkyrie differentiates itself from haptics manufacturers through the use of an armband focused exclusively on fitness, as opposed to manufacturing haptic gloves for enterprise use. Additionally, haptic manufacturer SenseGlove raised ~USD 3.6 million in a Series A funding round in April 2023 . Funding was to be utilized for the development of its hand haptics technology to improve user immersion within VR.

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