Voovio

Voovio

Automation platform that enables the process industry to boost productivity and reduce downtime in plants.

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€900k

Valuation: €13.0m

Late VC
Total Funding000k
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Voovio provides advanced digital replicas and simulators designed to streamline the onboarding process for operators in the process industry. The company addresses the critical challenge of workforce competency as a significant portion of senior Subject Matter Experts (SMEs) approach retirement. Voovio's technology is recognized by Gartner and is utilized by Learning & Development leaders to transition from traditional, manual, classroom-based training to a scalable, digital platform. This ensures standardized qualification programs that are efficient and effective. Plant managers leverage Voovio to maintain high levels of workforce competency, thereby increasing the return on investment (ROI) of their assets, reducing unplanned downtime, and preventing safety and environmental incidents. Operations leaders use the platform to boost productivity by minimizing the time required to execute standard operating procedures (SOPs) for operations and maintenance. Voovio's solutions are particularly valued for their cost-effectiveness, being significantly cheaper than other 3D models, and for their ability to capture and retain critical business knowledge, thus bridging the gap between experienced older employees and the influx of younger staff. The company primarily serves the petrochemical, chemical, and refining industries, operating on a B2B model where revenue is generated through the sale of its digital solutions and ongoing support services.

Keywords: digital replicas, simulators, operator onboarding, process industry, workforce competency, productivity, downtime reduction, safety, environmental incidents, ROI.

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