Virtualware is engaged in creating virtual reality experiences for training programs, immersive simulations, and business process improvements. It has 20 years of experience in the field and serves various companies.

Virtualware

VIROO

EvolvRehab - Virtual Rehabilitation System

Virtualware (EPA:MILVIR) is one of the pioneering corporations in the European Virtual Reality industry applied to the industrial, educational and healthcare sectors. Its team of more than 50 people has developed more than 500 projects in more than 33 countries. It has its headquarters in Bilbao, Spain, and its North American headquarters in Hamilton (Canada).

For the last two decades, it has been developing immersive solutions oriented to the industrial end educational world, and counts among its clients multinationals and institutions such as GE Hitachi Nuclear Energy, Ontario Power Generation, Petronas, Iberdrola, Alstom, Guardian Glass, Gestamp, Danone, Johnson & Johnson, Biogen, Bayer, ADIF, the Spanish Ministry of Defense, McMaster University, El Retoño Technical University or EAN University, to name a few.

Virtualware’s flagship product VIROO, the world’s pioneering VR as a Service (VRaaS) platform, makes Virtual Reality accessible to companies and institutions of all sizes and sectors. It is already used by companies on three continents and has been applied in the development of strategic projects for defence ministries, critical infrastructure training simulators and innovative educational programmes.

Virtualware also participates in Evolv, a medical and digital health device manufacturer specializing in developing rehabilitation solutions based on immersive technologies.

20 Years of Virtualware. When Unai Extremo and Sergio Barrera Mayo founded the company in 2003, they had no idea where this journey would take them. 

Creating the company was like traveling through time. Or at least a time travel attempt. They were on a journey into virtual reality at a time in history when this technology was little more than an idea for all practical purposes.

An extraordinary journey to bring Virtual Reality to businesses worldwide.  

As we celebrate our 20th anniversary, our journey continues to inspire innovation and positive change in virtual reality.   Let's Celebrate Together!

#vrisnow #20years #virtualreality 

📈 In 2023, we recorded a remarkable 40% increase in total revenue to €4.52 million, just 9 months after our IPO on Euronext Access Paris. 

Growth was driven by increasing adoption of our VRaaS (VR as a Service) subscription plans and our core technology, VIROO, which grew by a remarkable 118.26%.

The VR enterprise platform enables developers worldwide to effortlessly create and deploy cutting-edge virtual reality applications, demonstrating our commitment to innovation. It is currently used by companies on 3 continents, including global conglomerates and public institutions.

Some key highlights:
➡ 35% of annual revenue from VRaaS model.
➡ VIROO services contributed €2.15m, representing 58% of the segment.
➡ Gross profit margin increasing to 81% by 2023.
➡ EBITDA reached €355,000, an increase of 8.47%.

A big thank you to our dedicated team, customers, and partners!

👉 Featured at Financial Times: https://lnkd.in/dz66V7mf

👉 Full Earnings Release: https://lnkd.in/dRcKc_Qh

#Virtualware #VR #Innovation #TechNews #FinancialTimes

We're thrilled to welcome Octav to VIROO's partner program, expanding our VR reach in Morocco.

Morocco's first XR development company join us in a strategic partnership to strengthen VIROO's presence in the education and business sectors. 

With an impressive portfolio of over 35 XR projects, Octav is recognized as the most innovative VR game developer in Morocco for 2023, demonstrating its adaptability and reach in the dynamic XR development sector.

This growth is a reflection of our commitment to innovative collaborations. 

Thanks, Houssam Eddine Rehhali for trusting us!

https://lnkd.in/d72ZWWfd.

#vr #virtualreality #vrforindustry

As 2023 drew close, an inspiring event may have slipped under the radar.  Googaz is an initiative dedicated to using technology as a tool to raise awareness and inspire positive change among young people.

The 5th edition of Googaz closed to celebrate the best virtual reality (VR) projects developed with VIROO.  It successfully brought the Sustainable Development Goals (SDGs) closer to young people.

The initiative has reached out to 6 municipalities and involved 9 educational centers. 566 young people between 16 and 30 explored five different realities: health and well-being, reduction of inequalities, gender equality, sustainable cities and communities, and poverty eradication in VR. 

In the final phase, based on the winning script of the second phase hackathon, Harrobia Ikastola FP, Maristak Durango, and FP Tartanga collaborated to create a virtual reality game using our VR enterprise platform VIROO.

We are proud of the exceptional quality of the participating games. The project winner from CIFP Tartanga will tour the region during the next edition of Googaz.

Kudos to all participants for making Googaz a platform for creativity, innovation, and impactful change! We look forward to the next edition!

 👉Find out more and watch the video here https://lnkd.in/dVDiFJtm

 #VR #SDGs #Googaz #VirtualReality #VIROO
 BBK Kuna, Diputacion Foral de Bizkaia, Virtualware, STAY BIGEL S.L.L.

To close the year, we are announcing, together with ADIF, the forthcoming launch of a railway infrastructure simulator for maintenance training, which will be used to carry out joint exercises distributed in different classrooms of Spanish public institutes.

To find out more about this exciting initiative https://lnkd.in/dh-M7Q7X

Happy New Year!

#vr  #virtualreality 


Metric
Company Name	Virtualware
Symbol
MSH ID	COM:VIRTUALWARECO
Market	PRIVATE
Sector	Technology
Industry	Virtual Reality and Augmented Reality
Country	ES
Stage
Employee Count	56
Website	virtualwareco.com
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COM:VIRTUALWARECO

Virtualware

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