- Talespin recently announced it raised $20 million in Series C funding. These are the details.
Talespin – a spatial computing company focused on workforce talent development and skills mobility – recently announced it has raised $20 million in Series C funding. And the funding round was co-led by SEEK Investments and Allomer Capital, with participation from additional investors, including Pearson Ventures, Accenture Ventures, Go1, and Sony Innovation Fund.
The workforce and workplace have experienced historic disruption globally as ‘the Great Resignation,’ digitalization, and remote work changed the way businesses operate and how individuals approach their careers. And simultaneous to workforce disruption, the metaverse and web 3.0, which are a host of new technologies designed to make the internet more immersive and decentralized, are transforming industries ranging from finance to remote collaboration and education.
As immersive learning is proven to deliver more engaging and effective learning experiences, enterprises are turning to solutions like Talespin. And Talespin utilizes immersive technology to rethink how people learn new skills and measure skill competencies and puts a new foundation in place for professional development that helps people and organizations keep up with business transformation.
Since 2015, Talespin developed a platform to power the creation and distribution of immersive learning experiences. And it includes CoPilot Designer, an authoring tool that puts the power of immersive content creation in the hands of learning and instructional designers.
Talespin utilizes its platform to support an ecosystem of learning content creators, leading learning platforms, XR hardware partners, and enterprise customers. And the technology uses 3D virtual humans and environments to help people practice conversational skills and simulate jobs with real-time feedback and skills analytics. Trusted by organizations such as Accenture, AIA Hong Kong & Macau, Farmers Insurance, JFF, and 10 of the largest employers in the Fortune 500, the Talespin platform is proven to deliver accelerated learning, higher employee engagement, and more impactful upskilling and reskilling programs.
Talespin’s new funding round comes on the heels of rapid momentum for the company, as solutions to better train and reskill the workforce are in high demand, and the world’s top organizations explore use cases for the metaverse. And in recent months, the company has onboarded several new enterprise customers and members of its partner program, including Accenture and Go1, with further collaboration and commercial partnerships to be announced later in 2022.
KEY QUOTES:
“Talespin is differentiated from others who hypothesized about the superior learning outcomes of immersive technology, in that they built a platform designed to empower people, and scale adoption from the start. We see tremendous opportunity in the learning, productivity, and skills development space for Talespin, as workforce and technology trends continue to validate its innovative no-code learning platform that enables organizations to build, tailor and consume immersive learning content.”
– Damien Wodak, Managing Director, HR SaaS, SEEK Investments
“The first step to creating an immersive learning ecosystem was to change the skills profile and resources required to create content. Before CoPilot Designer, this took hundreds of thousands of dollars, and a team of developers – Immersive learning simulations can now be created in a matter of days by learning designers and other professionals in the business. Our new funding and investor relationships will help us further scale this platform, and realize our broader company vision for learning in the metaverse.”
– Kyle Jackson, Co-Founder and Chief Executive Officer, Talespin
“Pearson Ventures is excited to join forces with Talespin, a leader in the XR field, to support their growth and explore ways to work together. At Pearson, we are building our presence in the workforce skills space to offer workforce analysis, digital credentialing and learning and assessment capabilities that will transform learning for the workplace. The evidence is clear that immersive experiences lead to improved learning outcomes and the alignment of technology and education is a great fit for our mission to become a leader in this sector.”
– Pedro Vasconcellos, VP Ventures, Strategic Investments and Partnerships at Pearson Ventures
“Amid heightened interest in immersive learning, augmented reality and the metaverse, Talespin is ideally positioned to capitalize on the convergence of learning and spatial computing, two sectors that are experiencing rapid growth. We look forward to supporting and working closely with Talespin through our Project Spotlight program and generating awareness of their solution offerings among our clients around the globe.”
– Tom Lounibos, Managing Director, Accenture Ventures
“As organizations around the world grapple with unprecedented labor shortages, the need for innovative workforce training solutions has never been greater. Talespin’s easy-to-use, no-code content creation platform makes it easy for enterprises to quickly scale up their employee training with engaging content.”
– Austin Noronha, Managing Director-US, Sony Innovation Fund
