Enduvo, a startup that creates content for virtual and augmented reality training, raised a new round of funding Wednesday.
The Chicago startup announced that it raised $4 million in a seed round led by Chicago VC firm MATH Venture Partners. UL Ventures, the venture arm of UL, a large safety testing company based in Northbrook, also invested in the round.
Founded in 2017, Enduvo allows companies to create interactive and immersive AR and VR training for their business. Its no-code platform allows companies to easily create and distribute content to people on any device, including tablets, computers, and augmented and virtual reality devices.
Enduvo sells its technology primarily to the military, healthcare and education sectors, and counts the U.S. Air Force, the National Institutes of Health and the University of Illinois College of Medicine among its costumers.
The startup said the funding will also allow it to meet the growing demand for coronavirus-related content that businesses are creating to effectively communicate new workplace protocols to their employees.
“We are at an inflection point, accelerated by the current global health crisis. It is essential that people have access to technologies that facilitate knowledge-sharing regardless of their location or socioeconomic status,” Steve Garrou, chairman and CEO of Enduvo, said in a statement.
Enduvo is the first company to come out of Jump ARCHES, a program led by OSF Healthcare and the University of Illinois to support collaboration between engineers and health care providers.
