Vrgineers

Vrgineers

Professional VR and MR headsets for pilot training.

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€5.4m

Early VC
Total Funding000k

Financials

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Revenues, earnings & profits over time
EUR2017201820192020202120222023
Revenues0000000000000000000000000000
% growth-300 %26 %50 %--28 %
EBITDA0000000000000000000000000000
Profit0000000000000000000000000000
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article, Dealroom estimates

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More about Vrgineers
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Vrgineers, Inc. is a developer of professional virtual and mixed reality training systems, primarily for military and professional clients in the aerospace industry. Founded in 2017 by CEO Marek Polcak, Martin Holecko, and Vaclav Bittner, the US-Czech company specializes in creating high-fidelity VR/MR headsets and simulation platforms designed to offer realistic and immersive training experiences. Polcak, who holds degrees in electrical engineering and cybernetics, co-founded the company after identifying a market need for higher-quality VR headsets than were commercially available, an insight gained from a previous virtual tourism business venture.

The company's flagship product line is the XTAL series of headsets, which are distinguished by their high resolution (up to 8K), wide field-of-view (180° horizontal), and mixed reality capabilities. These headsets are designed in collaboration with military pilots to ensure they meet the rigorous demands of flight training. The XTAL 3 allows a user to see their own hands and interact with a physical cockpit replica, merging the virtual environment with real-world haptic feedback to build muscle memory. This technology is utilized in a range of training solutions, from portable simulators that can be transported in carrying cases to fully reconfigurable classroom trainers and custom-built 1:1 cockpit replicas.

Vrgineers' business model is focused on selling these advanced hardware and integrated software solutions directly to enterprise and government clients. Its customer base includes the U.S. Air Force, U.S. Navy, NASA, Lockheed Martin, BAE Systems, and automotive brands like Audi and McLaren for design and prototyping. The company has secured strategic partnerships, including one with Lockheed Martin to integrate the XTAL headset with the Prepar3D simulation platform and to develop trainers for the Czech Air Force's F-35 program. Vrgineers has raised approximately $13.4M in funding, including a $6 million Series A round in 2023 led by Taiwania Capital to accelerate growth and product development.

Keywords: mixed reality pilot training, virtual reality headsets, flight simulators, aerospace simulation, military training systems, XTAL headset, synthetic training environment, enterprise VR, cockpit simulators, aviation technology, professional VR, immersive training, high-fidelity VR, Marek Polcak, 8K VR headset, wide field of view, simulation hardware, defense technology, haptic feedback training, aircraft simulation

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