Vsim Secures $21.5 Million Seed Funding for Robotics
Vsim, a dynamic startup based in Manchester, UK, has successfully secured an impressive $21.5 million in seed funding. This significant financial backing was spearheaded by EQT Ventures, with additional contributions from various notable investors including Factorial Fund, Samsung Next, Tru Arrow, Xora (which is owned by Temasek), IQ Capital, Koro Capital, Concept Ventures, Lakestar Scout Fund, and Concept Venture Partner Carles Reina. This latest funding round marks a substantial milestone for Vsim, following a pre-seed fundraising initiative that was also led by Concept Ventures in late 2023.
The influx of capital will be primarily utilized to expand the team and expedite Vsim's ambitious project aimed at developing a comprehensive full-stack solution specifically tailored for robotics applications.
Co-founded in 2022 by the visionary duo of Michelle Lu, serving as the CEO, and Kier Storey, who holds the position of CTO, Vsim is at the forefront of innovation in the robotics simulation space. The company is focused on creating an operating system (OS) dedicated to advancements in robotic simulation and training, showcasing its commitment to revolutionizing how the industry approaches these technologies.
Vsim has already laid a solid foundation by developing an advanced architecture and a suite of algorithms that empower various sectors, including robotics, artificial intelligence, visual effects, research, and the burgeoning field of the industrial metaverse. With their cutting-edge solutions, they enable businesses to accelerate the development of a wide spectrum of interdisciplinary, high-quality physics simulations. This positions Vsim as a key player in the market, poised to drive significant advancements in robotic training and applications across multiple industries.
They've invested in Vsim
Get to know these AI investors
Click here for a full list of 6,908+ startup investors in the UK