Data visualization startup Virtualitics announced today that it has secured a $37 million investment. The funding will be used to continue to develop its technology and broaden its customer base.
Virtualitics is a California-based technology company that specializes in data visualization. The company creates interactive visualizations, including 3D objects and virtual reality representations, from raw data. These offer a more intuitive way to quickly and easily visualize and explore data.
The company’s technology has been adopted by several Fortune 500 companies such as Microsoft, Airbus, and Shell. It has also been used by a number of government and academic institutions to enable intelligent data exploration.
With the new investment, Virtualitics plans to expand its operations and further develop its technology. This includes investing in research and development, creating new products, and expanding its customer base.
The company’s CEO, Brian Roe, believes the funding will help to accelerate their growth. “We’re thrilled to have the additional resources to create world-class data visualization solutions,” he said. “This investment will allow us to expand our capabilities and better serve our customers.”
Virtualitics joins the ranks of other data visualization startups that have recently received significant investments. Tableau, Looker, and Domo are some of the well-known companies who have secured large investments in recent years.
Data visualization is becoming an increasingly important tool for businesses and organizations. Virtualitics’ ability to turn complex datasets into meaningful visuals is highly valued, making this new funding a positive step for the company. With the right strategy, Virtualitics could soon become a major player in the data visualization industry.
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