Interplay develops online training for skilled laborers in the mechanical, electrical and industrial workforces. The highlight of their large catalog is state-of-the-art 3D troubleshooting simulations. These materials are accessible by desktop, laptop or VR-headset and provide an immersive learning experience for engagement and field-like experience.
We’re excited about this investment for several reasons:
- The over 9 million US workers in the skilled trades industry are underserved and can benefit from Interplay’s courses.
- Interplay’s unique simulation and VR content generation engine enables the company to quickly and efficiently generate large catalogs of training content which is meeting overwhelming demand from many skilled laborer industries.
- Customers love the product, and now have an alternative to legacy solutions like classroom learning and powerpoint presentations. These new training options are especially critical for service companies that have a constant need to attract and properly train new technicians.
- We love the vision that Doug Donovan, Interplay’s co-founder and CEO, has for the company along with the deep domain expertise he’s acquired through selling training courses to the skilled trades industry for the past 8 years.
We’re also thrilled to be investors due to our interest in the emerging Texas startup ecosystem.
As this recent Crunchbase article notes, with the influx of early-stage funds and expansion of tech giants such as Google, Apple, and Amazon in Austin, we’re seeing the right formula – capital and talent – to build some game-changing companies. We’ve enjoyed partnering on this deal with S3 Ventures, a Texas-focused firm, and look forward to having a “front row seat” in this important and growing market. We hope to invest in many other great companies in the state.