# Virtualitics

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

- Industry: Software
- Headquarters: Pasadena, US
- Website: www.virtualitics.com
- Total disclosed funding: $67M
- Latest round: Series C (Jun 16, 2023)
- Investors on record: 5

## About

Headquartered in Pasadena, California, Virtualitics, Inc. specializes in advanced artificial intelligence solutions that enhance data analysis and operational readiness for defense and enterprise sectors.Founded in 2016 in Pasadena, California, Virtualitics, Inc. provides AI-driven solutions for data analysis across various sectors. The company has completed 6 funding deals, with the most recent funding round being a Series C on June 16, 2023, where they raised USD 37.05 mn led by Smith Point Capital, with participation from Citi Ventures. The total amount raised by the company is USD 37.05 mn, valuing it at USD 127.51 mn. The leadership includes co-founders Ciro Donalek, Michael Amori, and Scott Davidoff, with Michael Amori serving as CEO.Virtualitics specializes in advanced artificial intelligence solutions designed to enhance data analysis and operational readiness for defense and enterprise sectors. Their core offerings include Integrated Readiness Optimization (IRO) applications, which provide comprehensive data visualizations and analytics for critical areas such as asset maintenance, supply chain management, materiel storage, personnel preparedness, and cybersecurity. These applications are engineered to help users make strategic decisions by surfacing key insights from complex datasets. Virtualitics serves a diverse client base that includes government agencies and Fortune 500 companies, notably in sectors demanding high operational efficiency and decision-making precision, primarily within the United States.Virtualitics generates revenue through partnerships and subscriptions, primarily focusing on B2B transactions with government and corporate clients. The company’s pricing structure typically revolves around usage-based models for their AI applications, which may include fees for specific features or levels of access, catering to the varying needs of different organizations. Their flagship offerings, including the IRO suite, are priced to reflect the sophistication of the technology and the value they deliver in enhancing operational readiness and data management.In June 2023, Virtualitics, Inc. raised USD 37.05 million in Series C funding to support the expansion of its services, platform, and manpower. The company aims to introduce new products designed to enhance its AI capabilities while expanding into new geographic markets to increase its footprint. Specific details on upcoming product launches and targeted regions for expansion have not been disclosed, but the recent funding will facilitate these growth initiatives.

## Funding rounds

- Series C, Jun 16, 2023, $37M — Citi Ventures, Smith Point Capital
- Series B, Apr 14, 2021, $18M — Centricus, The Venture Reality Fund, North Sound Ventures
- Series B, Feb 28, 2018, $7M — Centricus, The Venture Reality Fund
- Series A, Apr 3, 2017, $4.5M — The Venture Reality Fund

## Investors

- The Venture Reality Fund (https://capitalatlas.ai/funds/the-venture-reality-fund) — Series A, Series B
- Centricus (https://capitalatlas.ai/funds/centricus) — Series B
- North Sound Ventures (https://capitalatlas.ai/funds/north-sound-ventures) — Series B
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series C
- Smith Point Capital (https://capitalatlas.ai/funds/smith-point-capital) — Series C