CUSMAT, a Hyderabad based immersive skilling and training platform for industries, has raised $100K in pre Series A round funding led by We Founder Circle.
The round also witnessed participation from other investors including Venture Catalyst, Better Inc, and Map My India.
Founded by Abhinav Ayan and Anirban Jyoti Chakravorty, CUSMAT enables industries to Onboard, Assess, train, upskill, plan to learn tracks for the employees to maximize retention rates, and on the job performance by using our AR/VR, cloud-based learning management system.
“The platform plans to utilize the raised funds for expansion of its sales team, development of product training contents and for development of industry-driven features for its platform,” the statement said.
Speaking on the funding in Cusmat, Neeraj Tyagi, Co-Founder & CEO, We Founder Circle said, “Given the fact that in the post-pandemic era, around 18 million Indians might need to switch occupations by 2030, the market holds a huge scope. And Cusmat comes with a wide portfolio of use cases from manufacturing to healthcare, supply chain to education, and more. All this makes Cusmat an exciting startup growing rapidly, and hence a very good investment opportunity for angel investors.”
Commenting on the development, Abhinav Ayan, Co-founder & CEO of CUSMAT said, “We have focussed on finding the Right Product-Market fit, over the last 10 months through our Seed round. Going forward the focus is on Scaling by pursuing High Growth Opportunities identified with strong metrics of improvement that we have been able to establish for our customers.”
“Through our XR Industrial Learning Platform we have a chance to impact the Indian Industrial Productivity Index by unlocking the Human Capability of the 1.2 Mn people joining the industrial workforce across Mining, Infra, Logistics, Manufacturing, Pharma amongst others,” Ayan added.