Inflight VR Software GmbH

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Inflight VR Software GmbH - overview

Established

2014

Location

Munich, -, Germany

Primary Industry

Software

About

Inflight VR Software GmbH develops immersive virtual reality training solutions specifically for the aviation sector, enhancing training efficiency and operational performance through advanced simulations. Founded in 2014 and based in Munich, Germany, Inflight VR specializes in VR training solutions for the aviation industry. The company was co-founded by Moritz Engler and Raphael Baumann. In April 2019, Inflight VR raised EUR 2.


5 mn in a Seed funding round led by CBC Investment Group and Motu Ventures, bringing their total amount raised to EUR 2. 5 mn and their current valuation to EUR 12. 731 mn. Inflight VR specializes in immersive virtual reality solutions tailored for the aviation industry.


Their flagship product, a comprehensive VR training platform, offers airlines and aviation professionals a state-of-the-art tool for training purposes, enhancing the learning experience by simulating real-life scenarios. This platform enables users to engage in a variety of training modules, from safety protocols to customer service interactions, aiming to improve operational efficiency and employee performance. Inflight VR serves a diverse clientele that includes major airlines and aviation training institutions, primarily focusing on markets in North America, Europe, and Asia-Pacific. The company’s solutions effectively address the need for innovative training methods in an industry that demands high standards of safety and service.


The revenue model for Inflight VR is predominantly based on B2B transactions, where companies purchase licenses or subscriptions for their VR training solutions. Clients typically engage in multi-year agreements that provide access to the platform and its updates, ensuring ongoing support and content development. Through strategic partnerships with airlines and training organizations, Inflight VR establishes a sustainable revenue stream, enhancing customer retention and satisfaction. While specific pricing details for the various packages offered are not disclosed, customers can anticipate structured plans that cater to different organizational needs, ensuring scalability in usage.


The company's emphasis on developing leading-edge VR applications positions it favorably within the aviation sector, promoting continued adoption among its client base. In April 2019, Inflight VR Software GmbH raised EUR 2. 5 mn in Seed funding. The funding will be utilized to expand their product offerings and enhance their existing VR training platform.


The company is actively working on developing new training modules to launch within the next 12 months. Additionally, they plan to expand their market reach into the Asia-Pacific region by the end of 2023, targeting airlines and training institutions looking for innovative training solutions.


Current Investors

MassChallenge, Motu Ventures, GoBeyond

Primary Industry

Software

Sub Industries

Music & Video Streaming Software

Website

www.inflight-vr.com

Verticals

Virtual Reality (VR)

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

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