Beringea has invested in VRAI, a pioneering Newcastle-based start-up that is revolutionizing simulation-based training through performance analytics, leveraging the growth in the immersive training market, especially in the US.

Target Information

VRAI, a Newcastle-based start-up founded in 2017, is pioneering innovation in simulation-based training through the integration of performance analytics. This approach empowers organizations to make more informed decisions while enhancing training effectiveness. VRAI has established collaborative partnerships with prominent entities, including the British Army and Kongsberg, and has garnered clients in the offshore renewable energy sector. Through its £4.2 million Series A funding, the company aims to expand its reach into the United States—the largest market for immersive training in aerospace, defense, and security—while also planning to double its workforce and invest in product enhancement, sales, and marketing.

Industry Overview

The global simulation training market is undergoing transformative growth, particularly in the United Kingdom, where industries are rapidly shifting towards virtual training solutions. This transition is driven by the necessity for cost-saving measures and improved training outcomes. For instance, the cost of operating high-performance military aircraft can exceed £100,000 per hour; therefore, organizations are increasingly turning to VR-based alternatives that significantly reduce training expenditures.

Moreover, the defense sector is witnessing substantial investments, with NATO defense spending rising by 11% in 2024 and European contributors increasing military b