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§ Private Profile · 3520 Thomas Rd Ste C, Santa Clara, California, 95054, United States
STRIVR Labs is a technology company.
Strivr develops an enterprise extended reality (XR) platform that delivers immersive learning experiences and AI-powered guidance to enhance workforce performance. The platform provides realistic, interactive training environments, enabling organizations to elevate the capabilities of their frontline teams at scale. Through virtual reality, Strivr helps companies transform employee development and foster competence.
The company was founded in 2015 by Derek Belch, emerging from the Virtual Human Interaction Lab (VHIL) at Stanford University. Belch, then a graduate student and assistant football coach, conceived the idea after observing the potential of virtual reality to improve athlete training. This insight led to adapting immersive technology for broader enterprise applications.
Strivr primarily serves large enterprises seeking to optimize their employee training and operational efficiency. The company’s vision is to establish itself as the leading platform for enterprise XR, ensuring that employees can perform complex tasks with confidence and precision, ultimately striving for mistake-free work across various industries.
STRIVR Labs has raised $126.0M across 6 funding rounds.
STRIVR Labs has raised $126.0M in total across 6 funding rounds.
STRIVR Labs has raised $126.0M across 6 funding rounds. Most recently, it raised $35.0M STRIVR - Series B Extension in April 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 19, 2022 | $35M Series B Plus | Georgian Partners | TOM Lounibos, Bank OF America, Gaingels, Mark Peek | Announced |
| Apr 1, 2022 | $35M Series B | — | Techstars Impact Fund, Workday Ventures | Announced |
| Mar 31, 2020 | $30M Series B | Tyson Baber | — | Announced |
| Oct 3, 2018 | $16M Venture Round | RAY Lane | — | Announced |
| May 31, 2017 | $5M Venture Round | — | Advancit Capital, BMW I Ventures, Presence Capital, Signia Venture Partners | Announced |
| Dec 1, 2016 | $5M Seed | — | Bessemer Venture Partners | Announced |
STRIVR Labs has raised $126.0M in total across 6 funding rounds.
STRIVR Labs's investors include Georgian Partners, Tom Lounibos, Bank of America, Gaingels, Mark Peek, Techstars Impact Fund, Workday Ventures, Tyson Baber, Ray Lane, Advancit Capital, BMW i Ventures, Presence Capital.
Strivr Labs (commonly known as Strivr) is a technology company specializing in an enterprise-grade XR (extended reality) platform for immersive training using virtual reality (VR). It builds a scalable SaaS solution—Strivr Cloud and Strivr Creator—that enables creation, management, deployment, and analytics of VR training content, serving Fortune 1000 enterprises, elite sports teams, and industries like retail, banking, healthcare, hospitality, and aviation[1][2][3][4]. The platform solves critical workforce challenges by delivering AI-backed immersive experiences that boost engagement, knowledge retention, performance, and operational efficiency while reducing training costs and risks through realistic, data-driven simulations[2][3][4]. Key products include device management for VR headsets, content authoring tools (low-code/no-code), in-headset experiences with interactive elements like scene explorations and multiple-choice questions, and advanced analytics capturing over 100 data points per second on learner behaviors[1][4]. Strivr has launched millions of VR sessions, trained vast numbers of learners across hundreds of locations, and offers both off-the-shelf libraries and custom content production[2][3].
Growth momentum is strong, with expansion from sports origins to enterprise scale, partnerships with VMware, Qualcomm, Accenture, and Pico for ecosystem integration, and a shift toward an open platform to compete with tech giants like Microsoft and Meta[2][5].
Strivr was founded in 2015 by Derek Belch, a Stanford University graduate student and assistant football coach for the Stanford Cardinals, incubated at Stanford’s Virtual Human Interaction Lab (VHIL)[2][5]. The idea emerged from Belch's Master's thesis, testing VR on the football field to improve athletic performance off-field—which proved successful—sparking the pivot to broader immersive learning[2]. Early traction came from sports teams like NBA and NFL franchises, validating VR's impact on training before expanding into enterprise applications combining VR presence with learning theory, data science, and spatial design[2][5]. Pivotal moments include building proprietary tools like Strivr Creator based on behavioral science and L&D best practices, and recent platform openness with major partnerships to scale adoption[1][5].
Strivr stands out in the XR training space through these key strengths:
Strivr rides the XR and AI-driven immersive learning trend, bridging consumer VR (e.g., Meta's Oculus) to enterprise training amid rising demands for scalable, risk-free skill-building in remote/hybrid workforces[2][3][5]. Timing is ideal as VR hardware matures (cheaper headsets, better chips from Qualcomm), corporate L&D budgets prioritize tech for retention amid talent shortages, and no industry standards exist—positioning Strivr as a pioneer creating an ecosystem[5]. Market forces like post-pandemic efficiency needs, regulatory pressures for safety/compliance, and AI analytics favor it, with deployments in diverse sectors amplifying workforce productivity[3][4]. Strivr influences the ecosystem by opening its platform, enabling third-party content/services, and integrating with LMS/IT stacks, democratizing XR beyond sports to counter tech giants while serving as a "bridge to connected immersive worlds."[2][5]
Strivr is poised for accelerated growth by deepening its partner ecosystem, leveraging AI for hyper-personalized training, and expanding custom content for emerging regs like AI ethics or climate ops. Trends like multimodal XR (AR/VR fusion), edge computing for real-time analytics, and metaverse adjacencies will shape its path, potentially capturing more Fortune 500 share as VR adoption hits mainstream. Its influence may evolve from niche pioneer to de facto enterprise XR standard, empowering global workforces with immersive performance elevation at scale—just as it began on a football field.[2][3][5]