Virtual Reality Startup Engage XR Partners With Stanford University & HTC To Launch Enterprise Metaverse Platform

Virtual Reality Startup Engage XR Partners With Stanford University & HTC To Launch Enterprise Metaverse Platform

Engage XR, an advanced virtual reality platform designed for professionals, recently announced that it has partnered with Stanford University and HTC to launch its metaverse platform for enterprises later this year.

The Irish VR company’s corporate metaverse offering, Engage Link, is expected to launch in the fourth quarter of 2022. It will allow organisations to build their own metaverse, provide customer experiences and host professional virtual events within the company’s Engage ecosystem.

Engage XR, formerly VR Education, a virtual communications platform that simulates the way we interact in the physical world, but without physical limitations. The startup offers users a platform for creating, sharing and delivering VR content for education, training and online events through its virtual campus, office and events products.

The Waterford-based company made the announcement about Engage Link with its interim earnings results for the first half of the year. The company’s revenue for this period is expected to be €1.76 million, up from €1.25 million in the same period of 2021.

Speaking about the collaboration, Chief Executive Officer of Engage XR, David Whelan, said:

"The results have given the company confidence in the prospects of the enterprise offering Engage Link. A growing number of blue-chip companies are adopting virtual reality for events, training and engaging with stakeholders worldwide."

Whelan further added:

"We are extremely excited about the interest being shown by major organisations in our new technology. The metaverse is set to change global business practices and Engage XR aims to be at the forefront of this revolution."

HTC and Engage XR announced a strategic licensing partnership in 2020, which was cemented further when the startup received a €3 million investment from HTC later that year.

Engage XR has expanded its US presence ahead of the launch. This includes the appointment of Richard Allin as CRO and Kyle Horner as director of marketing.

About the Author
Author: Shalini Pathak
Shalini Pathak Shalini Pathak is a Staff Writer at EdTechReview (ETR) - India's leading edtech media & community. She has over four years of experience in media, covering different beats. Like all writers she's an enthusiastic reader first with a passion to create out of the box content, and an ability to write about any topic. As a part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.

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