# Talespin Reality Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/talespin-reality-labs

- Industry: Software
- Headquarters: Culver City, US
- Website: www.talespin.company
- Total disclosed funding: $20M
- Latest round: Series C (Feb 17, 2022)
- Investors on record: 6

## About

Talespin Reality Labs, Inc. develops innovative immersive learning solutions using virtual reality (VR), augmented reality (AR), and artificial intelligence (AI) to enhance workforce training and employee development for various industries.Founded in 2015 and headquartered in Culver City, US, Talespin Reality Labs, Inc. specializes in immersive learning solutions. The founder, Stephen Fromkin, has a background in technology and entrepreneurship. The company has raised a total of USD 20.00 mn through multiple funding rounds, with the latest being a Series C round led by investors including Accenture Technology Ventures and Sony Ventures on October 12, 2022. Talespin has completed 5 total deals, achieving a current valuation of USD 44.13 mn.Talespin's core offerings include a no-code immersive learning platform that enables organizations to create and customize training modules for specific needs. The platform features over 20 pre-made immersive training modules that cover essential workplace skills such as conflict resolution, leadership, and effective communication. With a focus on industries like healthcare, insurance, hospitality, logistics, and financial services, the company caters to clients across North America, Europe, and Asia-Pacific, facilitating engaging interactions with AI-enabled characters to enhance the learning experience.Talespin generates revenue through a subscription-based model for its immersive learning platform, allowing organizations to access a library of training modules and utilize content creation tools. Clients typically enter agreements based on user numbers or features used, enabling scalable training solutions tailored to workforce needs. The approach is structured to enhance employee performance through continuous learning, with services provided directly to corporate clients rather than retail. Collaborations with industry leaders like PwC further affirm the effectiveness of their solutions in improving training outcomes.Talespin plans to leverage funding raised in October 2022 to enhance its platform and acquire new technology while expanding its team. Upcoming initiatives include the development of new immersive learning products aimed at diversifying its offerings. The company also intends to explore additional markets and geographic regions, although specific targets have yet to be disclosed. The funding will primarily support these growth initiatives and the enhancement of educational technology, positioning Talespin for future opportunities in the evolving landscape of workforce training.

## Funding rounds

- Series C, Feb 17, 2022, $20M — SEEK, Accenture Technology Ventures, GO1 Pty Limited, Pearson Ventures, Sony Innovation Fund, Allomer Capital

## Investors

- SEEK — Series C
- Accenture Technology Ventures (https://capitalatlas.ai/funds/accenture-technology-ventures) — Series C
- GO1 Pty Limited — Series C
- Pearson Ventures (https://capitalatlas.ai/funds/pearson-ventures) — Series C
- Sony Innovation Fund (https://capitalatlas.ai/funds/sony-innovation-fund) — Series C
- Allomer Capital (https://capitalatlas.ai/funds/allomer-capital) — Series C