Bengaluru-based company Virtual Logic Systems that develops 3D visualisation tools based on artificial intelligence and virtual reality, has raised between Rs.4 crore to Rs.6 crore in its Pre-series A round of funding. The funding was led by early stage capital provider, Swarnim Multiventures with participation from two HNIs whose names are still undisclosed.
The firm which had previously raised seed funding, plans to use the raised capital for expanding its team and broaden the product portfolio.
Founded in 2006 by Surya Prakash and Sudarshan Ramachandraiah, VLS focuses on developing products using Virtual Reality, Simulation and 3D Stereoscopic technologies. It offer products and solutions to manufacturing sectors (e.g. capital equipment, automotive, aerospace, earth moving machinery, etc.) and real estate (e.g. developers, architects, interior designers, etc.) verticals.
The company’s vision is ‘to be global leaders in virtual reality based products and solutions’. It will soon launch a home buying and home interior design customisation portal and claims to provide a 3D content-driven interactive digital marketing platform to showcase products and services.