Talespin, which uses virtual reality to train employees has raised $15 million in Series B funding, in a round led by Cornerstone OnDemand, a provider of cloud-based learning, talent management and talent experience software.
HTC also joined the round as a new investor, with participation from existing investors, including Farmers Insurance Exchange.
Cornerstone also announced an ongoing partnership with Talespin, to deliver Talespin’s extended reality (XR) training solutions to customers.
Los Angeles-based Talespin stated it will spend the new funding on its talent development platform, Runway, as well as on expanding research and development and continuing to grow its virtual reality learning content library.
Jason Gold, vice-president of finance, corporate development and investor relations at Cornerstone, said: “We share Talespin’s vision that the workforce needs innovative solutions to stay competitive, maximise opportunity and increase employee satisfaction. We’ve been incredibly impressed with Talespin’s technology, leadership team and vision to transform the workplace through XR. Talespin’s technology is a perfect fit in our suite of products, and we look forward to working together to deliver great solutions for our customers.”
This new funding brings Talespin’s total funding raised to $20 million.