Worldviz LLC

Worldviz LLC develops innovative virtual reality solutions that enhance research and training across various sectors, focusing on healthcare and education with immersive technologies that foster experiential learning. Worldviz LLC, founded in 2002, is located in Santa Barbara, US. The company specializes in virtual reality solutions, providing tools for various sectors. Peter Schlueer, the founder, has a history in technology ventures.

The company has completed three deals, with its most recent funding round, a Series A, raising USD 2. 3 million from Stout Street Capital on June 22, 2018. The total amount raised is USD 2. 3 million, with a current valuation of USD 21.

3 million. WorldViz specializes in providing advanced virtual reality (VR) solutions aimed at enhancing research and training across various sectors, particularly healthcare and education. The core product offerings include the VizMove PRISM system, which delivers realistic, scalable VR training specifically designed for healthcare and emergency professionals, and the Vizard software, which empowers developers to create complex VR applications. These products integrate haptic, auditory, and visual stimuli to offer immersive experiences, enhancing behavioral research and training methodologies.

WorldViz serves a diverse clientele, including academic institutions and healthcare organizations like Yale University and Mass General Hospital, with its VR solutions primarily marketed within North America and Europe. WorldViz generates revenue through direct sales of its flagship products, including VizMove PRISM and Vizard, to institutional clients in the academic and healthcare sectors. Transactions typically involve one-time purchases or licensing agreements, allowing clients to acquire software or hardware tailored to their specific research or training needs. The company's focus on usability enables quick implementation, often requiring minimal setup time.

Pricing structures are based on the complexity and customization of the solutions offered, catering to the unique requirements of each institution and the scale of their VR applications. WorldViz's emphasis on turnkey solutions promotes ongoing partnerships with educational and healthcare organizations seeking to leverage VR technology for innovative applications. WorldViz plans to leverage the recent Series A funding of USD 2. 3 million raised in June 2018 to enhance its product portfolio and expand its market reach.

The company is focusing on developing new products that improve user experience in VR training, with plans for launch in the upcoming year. Additionally, WorldViz aims to penetrate new geographic markets, particularly in Europe and Asia, by 2025, to address the increasing demand for VR solutions in diverse sectors.