A virtual and augmented reality development company, based in Bangalore, India, has been operating for over six years. Co-founded by two individuals, the firm specializes in creating immersive training solutions and 3D visualization tools for various sectors, including energy, industrial, manufacturing, aerospace, healthcare, and education. The company's revenue model predominantly relies on custom services, accounting for approximately 85% of its earnings, which include extended reality development, integration, and consulting services. Additionally, around 15% of its revenue is generated from licensing pre-developed health, safety, and environment (HSE) training modules to enterprise customers.
The business employs a robust technological framework that utilizes platforms like Unity and C# for development, with compatibility for multiple virtual and mixed reality hardware, such as Meta Quest and VIVE XR Elite headsets, as well as ARKit and ARCore for augmented reality experiences. The team is skilled in integrating learning management systems and backend APIs, with a growing focus on deploying edge AI capabilities within their offerings.
Their market approach involves a combination of direct relationships with enterprises and partnerships with subcontractors to extend their reach, especially within the Gulf Cooperation Council region. They are also exploring avenues like reseller and white-label arrangements with partner studios. Typical project teams are composed of project managers, technical leads, developers, artists, designers, and engineers with subject matter experts added as necessary. The company is currently eyeing an acquisition, targeting a valuation of approximately 1.3 million.