Highlights –

  • Virtualware operates to provide virtual reality technology solutions for industrial sectors.
  • The VR company has also been regarded as a European pioneer in the industry as it has been working continuously for 18 years to provide virtual reality technology solutions for industrial sectors.
  • The firm aims to bring breakthrough applications to the metaverse to support the most sophisticated companies.

Virtualware, a leading European provider of Virtual Reality (VR) solutions for industrial and educational sectors, doubled its sales in 2021 to USD 5.6 million. The increase in sales follows the signing of several multi-year deals with international companies working in the energy and transport sectors.

Virtualware’s expansion last year was proof of the steady growth registered by the company since the pandemic and bodes well for a thriving operation this year in the virtual reality market.

The Spain-based company is one among those firms that lead the European immersive technologies landscape. Virtualware was founded by Unai Extremo and Sergio Barrera in 2003. The latest edition of the VR Awards recognized the firm as the world’s most ‘Innovative VR Company.’

The VR company has also been regarded as a European pioneer in the industry as it has been working continuously for 18 years to provide virtual reality technology solutions for industrial sectors. Currently, the company employs more than 40 people and is planning to expand its workforce by 10% in the initial six months of 2022.

The list of relevant firms that work with Virtualware includes GE Hitachi Nuclear Energy, the Spanish Ministry of Defense, ADIF, the Spanish Logistics Center, Biogen, the Basque Country Technology Park Network, and the Kessler Foundation.

The company has delivered over 500 VR-driven industrial solutions in 33 countries so far for larger multinational companies such as Land Rover Jaguar, Alstom, Petronas, Repsol, Bayer, Iberdrola, and Merck.

The company is well-known for its patent-protected and award-winning VIROO (virtual reality immersive room) platform. Over the last three years, it has been leading the way as the new standard for generating, managing, and delivering VR content that can address difficult challenges.

When deployed with VIROO, the fuel movement VR simulator owned by GE Hitachi Nuclear Energy is an industry-standard safety and training tool in a complex context.

Virtualware’s flagship and boundless all-in-one VR solution, VIROO, can create, manage, and deploy VR without limitations. Additionally, with VIROO, several users can work efficiently in full-scale in the same physical space. Moreover, its proprietary software enables content creators to manage content for different end-users so that organizations can use it in complex training and engineering environments.

So far, Virtualware has deployed 18 VIROO rooms worldwide in Wilmington and San Jose in the United States, Bogota in Colombia, Toronto in Canada, Aguascalientes, and Mexico City in Mexico, and others in Spain, including in Madrid and the Basque Country.

Expert view

Unai Extremo, CEO of Virtualware, said, “The year 2021 has allowed us to consolidate our value proposition in the virtual reality industry. At a time when the concept of the metaverse is more relevant than ever, we want to continue developing the technology to offer solutions that support the real economy.”

“Virtual Reality can improve the physical world intelligently and sustainably, and our company wants to work to bring breakthrough applications to the metaverse to support the most sophisticated companies,” he added.