Training Tech Company Raises $24M in Series B Funding

Loft Dynamics wins USD 24 million Series B funding for full-motion VR sim programme

Virtual reality flight training company Loft Dynamics has announced a USD 24 million Series B funding round which it says will accelerate the expansion of its technology into the commercial airline sector. The investment, led by The Friedkin Group, with participation from Alaska Airlines and existing investors, brings the company’s total funding to USD 60 million. Loft Dynamics says its technology, which uses a combination of VR headsets, motion…

Training Tech Company Raises $24M in Series B Funding

Flight training technology company Loft Dynamics announced Thursday it has raised $24 million in series B funding as it develops and refines virtual reality training systems for commercial airline pilots. Loft Dynamics, which is co-headquartered in Santa Monica, California, and Zurich, developed the world’s only FAA- and EASA-qualified virtual reality (VR) helicopter simulator. It is now preparing to roll out next-generation simulators for the h…