PRAGUE, Czech Republic, Nov 29, 2023 – Vrgineers, a US-Czech company, has announced a Series A investment of 6 mil. USD that promises to accelerate the company’s growth.
Marek Polcak, Vrgineers CEO said: “We are proud and feel honored that Taiwania has chosen to invest strategically in our company. This investment is not just about the necessary funds to boost our activities and products, but it also brings a great deal of overlap. This strategic investment has connected us with the leaders in the electronics development and manufacturing industry. With this connection, we can now improve our technology to the highest level possible.”
Mitch Yang, managing partner of CEE Fund at Taiwania Capital said: “We are impressed by how Vrgineers integrated the most advanced VR/MR headsets with cutting-edge flight simulation software to deliver uniquely positioned pilot training simulators. The Vrgineers’ systems offer a fully immersive training experience with improved quality that is also very cost-effective. Although its first application is for aviation, the company’s technology could be used in industries where training for heavy equipment operation is essential. This is our first investment in the Czech Republic. We look forward to working closely with Vrgineers and to connect them with Taiwan’s aerospace industry as they enter the phase of rapid growth.”
Marek Moravec, Nation 1 Managing Partner commented: “We have a strong belief in the success of Vrgineers and all the other companies in our portfolio. We are fully committed to supporting them in their growth and providing the necessary resources for their success. Our goal is to help these companies achieve their full potential and make a positive impact in their respective industries.”
With the newly acquired investment, Vrgineers plans to expand its product portfolio with the announcement of a new version of the XTAL headset later this year and secure growth in new markets.
About Vrgineers
Vrgineers is a leader in developing immersive technologies and provides high-quality, effective training for military pilots using the advanced XTAL VR and MR headsets, along with aviation simulators that serve as the foundation for a modern synthetic training platform. The XTAL headset, designed with input from aviation professionals worldwide, meets demanding requirements for realistic simulation. Their interconnected trainers facilitate comprehensive scenarios, including individual and cooperative exercises involving pilots, co-pilots, gunners, JTAC instructors, and squadron coordination. Vrgineers’ simulators support diverse aviation platforms, from propeller-driven to supersonic aircraft and helicopters.
