# IrisVR

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/irisvr

- Industry: Software
- Headquarters: New York, US
- Website: www.irisvr.com
- Total disclosed funding: $9.6M
- Latest round: Series A (Oct 25, 2016)
- Investors on record: 7

## About

IrisVR, Inc. develops innovative virtual reality solutions to enhance collaboration within the architecture, engineering, and construction industries, enabling immersive presentations and design reviews.Founded in 2014, IrisVR, Inc. is based in New York, US, and specializes in VR solutions for the architecture, engineering, and construction (AEC) sectors. The company has raised USD 8.00 mn in Series A funding on October 25, 2016, led by Emergence Capital Partners. Nate Beatty, the founder, has been instrumental in leading the company through its initial growth phases. IrisVR has completed a total of 3 deals since its inception.IrisVR specializes in virtual reality (VR) solutions tailored specifically for the architecture, engineering, and construction (AEC) industries. Their primary offering, Prospect, allows users to upload 3D files from software such as Navisworks, Revit, and Rhino into an immersive VR environment. This platform facilitates presentations, collaborative design reviews, and spatial understanding among stakeholders in North America, Europe, and Asia-Pacific.IrisVR operates on a subscription-based revenue model, offering various pricing tiers for access to its VR software, specifically targeting companies within the AEC sector. The firm's customer relationships are structured around long-term partnerships, allowing clients to utilize IrisVR’s flagship product, Prospect, to enhance project workflows and presentations.IrisVR plans to continue its growth trajectory by launching upcoming products designed to further streamline virtual collaboration in the AEC industry. Following its most recent Series A funding round in October 2016, which raised USD 8.00 mn, the company aims to expand its market reach into new geographic regions, specifically targeting increased presence in Europe and Asia by 2025. The recent funding will primarily support product development and marketing initiatives to enhance customer engagement.

## Funding rounds

- Series A, Oct 25, 2016, $8M — Pritzker Group Venture Capital, Emergence Capital, Azure Capital Partners, 5Y Capital, Valar, Indicator Ventures, Locke Mountain Ventures
- Seed, Jul 7, 2015, $1.6M — Valar

## Investors

- Valar (https://capitalatlas.ai/funds/valar) — Seed, Series A
- Pritzker Group Venture Capital (https://capitalatlas.ai/funds/pritzker-group-venture-capital) — Series A
- Emergence Capital (https://capitalatlas.ai/funds/emergence-capital) — Series A
- Azure Capital Partners (https://capitalatlas.ai/funds/azure-capital-partners) — Series A
- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series A
- Indicator Ventures (https://capitalatlas.ai/funds/indicator-ventures) — Series A
- Locke Mountain Ventures — Series A