StretchSense, a Scottish startup developing extended reality gloves for workplace training simulations, has received a £1.75m investment.
Targeting industries including healthcare, education, aviation and defence, StretchSense said its data capture gloves allow organisations to immerse staff in detailed simulated environments.
The company’s management, software and marketing teams are based in Edinburgh, while its hardware and manufacturing operations based in New Zealand.
“StretchSense gloves bridge the gap between human and machine interaction. When you put on our Reality gloves you step into the future, and explore new ways to interact with hands-on learning. And, we do this by removing controllers and their clunky interfaces from the equation,” said recently appointed chief executive Chris Chapman.
“The XR Train glove powers scalable, truly immersive training, delivering intuitive interaction, measurable outcomes, with deployment across enterprise and government environments.”
Alongside Chapman, the company also recently appointed former Avantis Systems VP of sales and commercial operations Philip Jamison as chief revenue officer.
The investment marks the latest deal from PXN Ventures, a recently formed joint venture from Par Equity and Praetura Ventures targeting startups in the north of England, Scotland and Northern Ireland.
“We are pleased that PXN is able to continue the investment in StretchSense started by Par Equity, as the company is poised to expand in the burgeoning virtual reality training market,” said Paul Munn, executive chair of PXN.
“The appointments of Chris and Philip bring a global perspective and track record of delivery that will power StretchSense forward as it scales its industry leading glove technology.”
The round was also supported by Scottish Enterprise.
