HTX Labs, developer of the EMPACT Immersive Learning Platform, has raised its first outside capital -- $3.2 million from Cypress Growth Capital, a pioneer in royalty-based funding.
HTX plans to deploy the capital with a focus on growth and scale. This includes expansion of the revenue team in order to expand the current footprint within the US Department of Defense and identify expansion opportunities into key commercial markets, such as heavy industry, manufacturing, and higher education. The capital will also be used to prepare for increased customer adoption, ensuring that both EMPACT software and accompanying support teams are prepared to meet the anticipated demand. Expansion of the EMPACT partner and development network is an additional objective for the capital, with a focus on driving the adoption of EMPACT’s Developer (low-code) and Studio (no-code) immersive content authoring tools in order to further accelerate the creation of interactive virtual learning environments and immersive training courseware.
Since 2017, HTX Labs has been on a mission to accelerate the future of learning; designing, and developing the EMPACT platform to modernize training, scale talent development, and build resilience and readiness across the Department of Defense and commercial Enterprises.
The EMPACT software platform enables organizations to rapidly create, deploy, measure, and sustain cost-effective, secure, and centralized immersive training programs, all within engaging, fully interactive virtual environments. The capabilities EMPACT provides allow users to deliver critical training to the point of need, allowing students to train anytime, anywhere, and on any device, at scale.
HTX’s core value proposition is to provide the necessary digital infrastructure for workplaces to develop and sustain their own immersive learning programs through end-to-end Extended Reality (XR) solution modules, including advanced virtual models and simulations, low/no-code content creation tools, seamless integration with existing computing systems, and robust data visualization and analytics capture. EMPACT provides for deployment at scale with support for tablets, laptops/desktops, standalone virtual reality (VR) headsets, and full roomscale VR installations.