HTX Labs Secures $3.2M to Accelerate Growth and Scale

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HTX Labs Logo

HTX Labs Logo

Scott Schneider CEO, Co-Founder HTX Labs

HTX Labs raises first outdoors capital of $3.2M

HOUSTON, TEXAS, UNITED STATES, September 28, 2022 /EINPresswire.com/ — HTX Labs, developer of the EMPACT® Immersive Learning Platform, introduced that it has raised its first outdoors capital — $3.2M from Cypress Growth Capital, a pioneer in royalty-based funding.

Since 2017, HTX Labs has been on a mission to speed up the way forward for studying; designing, and creating the EMPACT platform to modernize coaching, scale expertise growth, and construct resilience and readiness throughout the Department of Defense and industrial Enterprises.

The EMPACT software program platform permits organizations to quickly create, deploy, measure, and maintain cost-effective, safe, and centralized immersive coaching applications, all inside partaking, totally interactive digital environments. The capabilities EMPACT offers enable customers to ship vital coaching to the purpose of want, permitting college students to prepare anytime, anyplace, and on any gadget, at scale.

HTX’s core worth proposition is to present the required digital infrastructure for workplaces to develop and maintain their very own immersive studying applications by way of end-to-end XR answer modules, together with superior digital fashions and simulations, low/no-code content material creation instruments, seamless integration with current computing programs, and strong information visualization and analytics seize. EMPACT offers for deployment at scale with assist for tablets, laptops/desktops, standalone VR headsets, and full roomscale VR installations.

“We have been looking to secure outside capital to accelerate the growth of our EMPACT platform and customer base but we hadn’t found the right partner who provided an investment vehicle that matched our needs“, stated Scott Schneider, CEO & Co-Founder, HTX Labs. “We found everything we were looking for in Cypress Growth Capital. They have a non-dilutive funding model that aligns with our capital expectations and have the level of experience that really makes this smart money. Cypress has a decade-long track record of success in helping emerging software and services companies achieve scale. It is clear that the team’s collective entrepreneurial and operating experience will be of tremendous benefit to us as we focus on expanding our customer base in a very intentional way.”

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HTX plans to deploy the capital with a give attention to development and scale. This consists of enlargement of the income crew so as to broaden the present footprint throughout the US Department of Defense and determine enlargement alternatives into key industrial markets, akin to heavy trade, manufacturing, and greater training. The capital will even be used to put together for elevated buyer adoption, guaranteeing that each EMPACT software program and accompanying assist groups are ready to meet the anticipated demand. Expansion of the EMPACT associate and growth community is a further goal for the capital, with a give attention to driving the adoption of EMPACT’s Developer (low-code) and Studio (no-code) immersive content material authoring instruments so as to additional speed up the creation of interactive digital studying environments and immersive coaching courseware.

“Scott and his team have built an exceptional business that is poised for dramatic growth,” mentioned Cypress Partner Pat McCaffrey. “HTX Labs’ modern, immersive training solution provides clients with a force multiplier for modernizing training and an unmatched ROI.”

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About HTX Labs

HTX Labs is a industrial software program firm on a mission to speed up the way forward for studying, using XR expertise and high-fidelity simulations for enterprise and authorities organizations to elevate the extent of proficiency and preparedness of the next-generation workforce. HTX’s EMPACT® Immersive Training Platform permits organizations to quickly create, deploy, measure, and maintain reasonable immersive studying content material anytime, anyplace, on any gadget, at scale.

Media Inquiries:

Ashleigh Lenamond

HTX Labs | VP Marketing and Strategy

htx.media@htxlabs.com

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About Cypress Growth Capital

Cypress Growth Capital is a Dallas-based funding agency who pioneered non-dilutive development capital particularly tailor-made to the distinctive funding wants of rising software program and companies firms. We constructed our funding agency to assist entrepreneurs who need to protect their helpful fairness, management their future, and who consider their firm is poised for excellent success. The Cypress crew has intensive working and entrepreneurial expertise and a twelve-year monitor file of profitable outcomes for our portfolio firms.

Ashleigh Lenamond
HTX Labs
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