Serious Labs
Latest round
- Series A
Last raised
- Aug 2017
Total raised
- $5M
Investors
- 2
About Serious Labs
Serious Labs Inc.Serious Labs Inc. specializes in creating cutting-edge virtual reality training simulators for heavy equipment. Founded in Edmonton, Canada, in 2005 by Kelly Morstad, the company has focused on the construction and manufacturing sectors.Serious Labs Inc. offers advanced virtual reality training simulators, including the Mobile Elevating Work Platform (MEWP) VR Simulator and the ITI VR Crane Simulator. These products utilize proprietary simulation software and real machine controls to provide immersive training experiences aimed at enhancing operator skills in a safe environment.The revenue model of Serious Labs Inc. is based on the sale and leasing of VR training simulators, coupled with ongoing service and support agreements. They primarily engage in B2B transactions, providing tailored packages to businesses aiming to improve their training capabilities.Serious Labs Inc. plans to expand its product offerings, focusing on new virtual reality training solutions designed to meet the evolving needs of the heavy equipment industry. The company aims to penetrate new geographic markets, specifically targeting regions in Europe and Asia by 2025.00 mn will support these initiatives, allowing for the development of new training technologies and enhanced market reach.
Who invested in Serious Labs
2 investors across 1 round
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Funding rounds
Series A
Aug 14, 2017
Amount
$5M
Investors
Questions about Serious Labs
Who invested in Serious Labs?
Serious Labs has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Serious Labs raised?
Serious Labs has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Serious Labs last raise money?
Serious Labs's most recent round on record is a Series A, in Aug 2017.
What does Serious Labs do?
Serious Labs is a education/training company.
Where is Serious Labs headquartered?
Serious Labs is headquartered in Edmonton, Canada.
Which VCs invest in companies like Serious Labs?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back education/training companies at Serious Labs's stage. Their profiles are linked below.
VCs backing education/training startups at Series A
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