Flaim Systems, a Melbourne, Australia-based company providing immersive learning solutions for firefighters, raised AU$6.7M in Series A funding.
The capital raise was cornerstoned by AU$5M investment from incoming shareholder Breakthrough Victoria, and supported by existing private and institutional investors and FLAIM Systems management and staff.
The company intends to use the funds to expand its operations and further develop its technology, with job creation already commenced and projected to create 25 new high value jobs by 2026.
Founded in 2019 and led by CEO Simon Miller, Flaim Systems has developed an immersive virtual firefighting training system, which delivers a way to replicate the stress and uncertainty of real-world situations to prepare the firefighter community to respond. It combines a VR headset with haptic technology, which creates a kinaesthetic “feels-real” experience by applying force feedback to the user. This includes simulating an operational fire hose and a thermal vest that reproduces the heat firefighters experience in different scenarios from the direction of the fire.
Founded out of Australia’s Deakin University in 2019, the company has achieved sales to over 300 emergency services agencies, defence, training organisations and private enterprise, focusing on scaling opportunities in Australia, the USA and UK.
FinSMEs
29/03/2023