XALTER, an immersive extended reality (XR) workforce development company serving the energy industry, announced it has raised a seed funding round led by EIC Rose Rock. The company said the investment will support market expansion and continued product innovation as energy operators confront workforce turnover, skill scarcity, and training approaches that have not kept pace with modern operational demands.
XALTER positions its platform as a simulation-based training system that replicates real job sites, equipment, and decision-making in a virtual environment, enabling frontline workers to build and demonstrate competency without the risks and constraints of live-field instruction. The company said its standards-based approach is intended to accelerate skill development, improve job readiness, and capture operational knowledge in a way that can be scaled across organizations.
The company’s current offering includes an upstream, production-focused virtual site that enables workers to learn and be assessed on operations, maintenance, and safety-critical tasks. XALTER said it is collaborating with energy industry leaders to broaden its training library beyond upstream into midstream and downstream applications, as well as power generation, low-carbon, and renewable energy segments.
XALTER said the new capital will help it expand deployment of its XR training products while continuing to develop its SaaS licensing model for standardized, expert-designed training experiences aimed at improving readiness and decision quality on the frontline.
KEY QUOTES
“This investment highlights our shared excitement as XALTER sets the new standard for modern workforce development and readiness with immersive XR technology. Our focus on operations, maintenance, and safety—combined with an industry-standardized approach—is delivering measurable gains on both the frontline and the bottom line. EIC Rose Rock’s investment enables us to strategically accelerate this impact.”
Kevin Anderson, CEO, XALTER
“We are excited to partner with XALTER to scale and deploy this world-class technology that enables the energy industry to continue to attract, train and retain the most productive workforce and improve our ability to deliver the secure, reliable and affordable energy that drives the American economy,”
David Clouse, Managing Director, EIC Rose Rock fund
