Luminous XR Raises £1M in Funding

Luminous XR secures £1M funding to illuminate US 'Metaverse' training market — TFN

Luminous XR, a Newcastle-based XR software provider, secured £1 million in funding from the North East Venture Fund, bringing its total raised to £3.55 million. The company plans to use the funds for expanding into overseas markets, particularly in the US. Luminous XR specializes in metaverse-style training programs and simulations, focusing on health and safety training for industries like energy, manufacturing, and industrial sectors. The company recently won a seven-figure contract from a major Middle East oil provider and is set to launch its VR content authoring tool, FLOW, in late summer.

Luminous XR Raises £1 Million to Fuel International Expansion

Luminous XR is a Newcastle, UK-based extended reality (XR) software provider specializing in metaverse-style training programs and real-life scenario simulations, particularly for health and safety training. The company caters to clients in the energy, manufacturing, and industrial sectors. It has also developed a virtual reality content authoring tool, FLOW, designed to simplify and accelerate training content creation. The company operates from Newcastle headquarters, with an office in Bahrain and a recent establishment in Texas, USA.

A UK-based XR software provider specializing in metaverse-style training programs for various industries.

a year ago

Luminous XR Raises £1 Million to Fuel International Expansion

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