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XR Training Specialist Talespin Closes $15m Series B Funding Round

There are almost continual daily updates on the virtual reality (VR) space when it comes to enterprise solutions. The latest comes from Talespin, a spatial computing company which creates enterprise-focused XR solutions for keeping employees skills updated. Today, Talespin has announced the successful completion of a Series B funding round, securing the company $15 million USD of investment.

The round was led by Cornerstone OnDemand (cloud-based learning, talent management software) in conjunction with existing investors such as Farmers Insurance Exchange as well as new investors like HTC. Cornerstone will continue a partnership with Talespin, delivering the company’s XR training solutions to customers.

Additionally, this will see the pair develop technology and products to improve HR and L&D practices. Talespin’s Runway platform will be integrated into Cornerstone’s Learning Management System to scale training deployment and skills matching analytics.

“We share Talespin’s vision that the workforce needs innovative solutions to stay competitive, maximize opportunity and increase employee satisfaction,” said Jason Gold, Vice President of Finance, Corporate Development and Investor Relations at Cornerstone in a statement. “We’ve been incredibly impressed with Talespin’s technology, leadership team and vision to transform the workplace through XR. Talespin’s technology is a perfect fit in our suite of products, and we look forward to working together to deliver great solutions for our customers.”

“Creating better alignment between skills and opportunities is the key to solving the reskilling challenges organizations across the world are facing,” adds Kyle Jackson, CEO and Co-Founder of Talespin. “That’s why it’s critical companies find a way to provide accelerated, continuous learning and create better skills data. By doing so, we will open up career pathways for individuals that are better aligned to their natural abilities and learned skills, and enable companies to implement a skills-based approach to talent development, assessment, and placement. Our new funding and partnership with Cornerstone will allow us to expand our product offerings to achieve these goals, and to continue building innovative solutions that redefine what work looks like in the future.”

The round brings Talespin’s total funding to $20 million, helping expand the Talespin Runway platform into more fields, especially the insurance, telecommunications, technology, and healthcare industries. For further updates from Talespin, keep reading VRFocus.