Irish data driven VR simulation company VRAI has announced it is expanding its UK operations with a new office in Gateshead’s PROTO centre, the UK’s immersive technology cluster. The office highlights VRAI’s focus on the UK market and is part of their plan to create up to 10 new jobs by the end of 2021, including roles in software engineering, data engineering, and AI. VRAI creates data driven VR simulation training for high hazard environments, with recent clients including leading organisations such as the IAG in Heathrow Airport, the United Nations in Somalia, and Fortune 500 companies.
The new location will serve as their UK base as they plan to grow their presence across Britain, remain close to their customers, and recruit top talent. VRAI chose the North East region of England after engagement with DIT & Invest NE highlighted it as an optimal base for a tech company as it is home to five universities and over 5,000 computing students, ideal for the recruitment of highly-skilled technology workers. It also has the PROTO Centre VRTGO Labs, the UK’s first industry led VR and AR centre of excellence. The North East is also a global hub for offshore wind with the renewable energy centre of excellence and the operations base for the world’s largest Wind Farm, the Dogger Bank, based in the Port of Tyne.
VRAI is currently headquartered in Dublin and employs 15 people in its Irish headquarters. Since the outbreak of Covid-19, there has been significant focus on investment in technologies that enable remote working and training. With the expansion of their team at Gateshead, VRAI intends to grow its capacity to meet this increased demand for remote simulation solutions.
According to a 2019 report by PwC, VR and AR are forecast to add £62.5 billion to the UK economy, a 2.4% boost to GDP, by 2030. In just five years time, the global VR marketplace is set to reach over $55 billion.
The launch of VRAI’s new office follows funding of €1.2 million from private investors, as well as continued backing from Enterprise Ireland, who encourage and support export focus & growth for Irish companies. VRAI has adopted the innovative Triple Bottom Line business reporting framework where they not only measure Profit, but also their impact on People & the Planet.