Vsim, a virtual storage startup based in Taiwan, which was started by a group of former engineers of Nvidia has recently bagged $21.5 million in its seed funding round. This Manchester-based firm is ready to produce a dramatic shift in the area of robotics simulation through its new read more physics simulation framework.
Vision and Mission of Vsim
Vsim was founded by Michelle Lu and Kier Storey. They both are experts in physics and simulation technology. Their history started from the time they went to Newcastle University to study physics before joining the tech sector. For instance, one of the experts worked at Bizarre Creations which was bought by Activision later, and in Nvidia, he worked for more than 10 years on simulation technology.
Vsim is ultimately designed to develop a fresh approach to physics-based simulation that is to be initially targeted for use in robotics training. The founders are aware that currently existing simulation technologies are based on outdated algorithms and insufficient processing capabilities. Vsim is designed to overcome these limitations using the progress of high-speed computing and working on more effective algorithms.
Funding Details
The $21.5 million seed funding round was led by EQT Ventures along with the participation of Factorial Fund, Samsung Next, Tru Arrow, Xora which is a subsidiary of Temasek, IQ Capital, Koro Capital, Concept Ventures of Lakestar, Scout Fund, Carles Reina. This large capital commitment strongly indicates that investors believe in Vsim’s strategy and prospects. The new funding will also help Vsim grow the team and further advance its simulation framework development. Over the next year, the Company should post between 15 and 20 new employees and maintain a balance of IT talent and business development professionals. This expansion will help to better deploy the technology into the market that Vsim is offering.
Simulation Technology
Engineering simulation technology is a tool that can be very useful in the creation and training of robotics. It enables engineers to assess and implement their work without putting it into practice in the real-world environment. This not only saves costs but also shortens the developmental period. Vsim will now let companies fine-tune robotic solutions as the application of advanced simulation frameworks in an organization can improve both the case and speed of such simulations.
Focus and Challenges in Simulation Technology
Vsim’s core business is concerned with robotics training; however, numerous possibilities can be implemented using this technique. Knowing the company’s simulation framework, it can simulate Virtual Reality (VR), Augmented Reality (AR), and Visual Effects (VFX) industries and any other industries related to the mentioned fields. With a systemic and efficient simulation platform, Vsim’s ultimate vision is to promote innovation in various industries.
Indeed one of the difficult tasks in simulation technology is that the calculation algorithms required must be very efficient to allow real-time processing of complex calculations. Vsim’s founders learned at Nvidia about more efficient algorithms, and those capable of operating in modern processing devices. This enables high accuracy of the simulation since this is very important in meeting the need for applications such as robotics training or VFX.
Conclusion
The most recent funding in the firm is a major achievement for Vsim. With the financial support of several major investors and specific development strategies in mind, Vsim can become the company that will change the courses of robotics simulation. Improving the present simulation framework the firm deems itself fit for the role of promoting and stimulating innovations in various fields and thus contributing towards the evolution of new technologies.
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