About EKTO VR
EKTO VR is a company based in Pittsburgh (United States) founded in 2018 by Brad Factor.. EKTO VR has raised $415 thousand across 2 funding rounds from investors including Reinforced Ventures. EKTO VR offers products and services including EKTO VR Boots and EKTO ONE. EKTO VR operates in a competitive market with competitors including CUSMAT, Tenstar Simulation, UtilityAR, KNOWRON and Graha's VR, among others.
- Headquarter Pittsburgh, United States
- Founders Brad Factor
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Ekto Vr, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$415 K (USD)
in 2 rounds
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Latest Funding Round
$340 K (USD), Seed
May 07, 2021
- Investors
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Employee Count
Employee Count
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Products & Services of EKTO VR
EKTO VR offers a comprehensive portfolio of products and services, including EKTO VR Boots and EKTO ONE. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Motorized boots enabling natural walking in VR to avoid motion sickness.
Advanced footwear for smooth locomotion in virtual reality environments.
Funding Insights of EKTO VR
EKTO VR has successfully raised a total of $415K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $340 thousand completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $340,000
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First Round
First Round
(23 Aug 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2021 | Amount | Seed - EKTO VR | Valuation |
investors |
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| Aug, 2019 | Amount | Seed - EKTO VR | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in EKTO VR
EKTO VR has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Reinforced Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Micro-venture capital investments in tech sectors are managed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by EKTO VR
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - EKTO VR
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ekto Vr Comparisons
Competitors of EKTO VR
EKTO VR operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CUSMAT, Tenstar Simulation, UtilityAR, KNOWRON and Graha's VR, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Simulation-based training platforms for industrial skills are developed.
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| domain | founded_year | HQ Location |
Provider of virtual reality based education solutions
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| domain | founded_year | HQ Location |
AR software for smart glasses in industrial applications is developed.
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| domain | founded_year | HQ Location |
AI-based digital assistant provided for industrial workers' machine diagnostics.
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| domain | founded_year | HQ Location |
VR-based solutions for employee training in manufacturing are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ekto Vr
Frequently Asked Questions about EKTO VR
When was EKTO VR founded?
EKTO VR was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is EKTO VR located?
EKTO VR is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Who is the current CEO of EKTO VR?
Brad Factor is the current CEO of EKTO VR. They have also founded this company.
Is EKTO VR a funded company?
EKTO VR is a funded company, having raised a total of $415K across 2 funding rounds to date. The company's 1st funding round was a Seed of $75K, raised on Aug 23, 2019.
What does EKTO VR do?
EKTO VR was founded in 2018 in Pittsburgh, United States, within the virtual reality sector focused on workforce development. Training solutions based on VR are provided for operational and hazardous work settings. A wearable boot is also supplied to confine users to limited spaces while simulating natural movement. Operations center on simulation technologies for professional skill enhancement across industries.
Who are the top competitors of EKTO VR?
What products or services does EKTO VR offer?
EKTO VR offers EKTO VR Boots and EKTO ONE.
Who are EKTO VR's investors?
EKTO VR has 1 investor. Key investors include Reinforced Ventures.