Exeter-based company Cineon Training has secured a £400,000 equity investment from the South West Investment Fund, as part of a larger £900,000 funding round.
The funding round was led by the South West Investment Fund appointed fund manager The FSE Group and includes investment from Torbridge Capital.
Based on the Exeter Science Park, Cineon develops novel Virtual Reality (VR) training and therapy products, as well as undertaking consultancy services. Their products incorporate cutting-edge eye-tracking technology delivered via a VR headset to enhance individual’s learning and performance. Training in this way optimises human behaviour in safety-critical and high-pressure environments. The UK government backs Cineon’s research, products and services and they work with the NHS, Ministry of Defence and numerous other organisations.
This funding will be used to hire 14 skilled staff members over the next three years, including in the data science, business development and marketing departments.
Cineon was founded by Toby & Kate de Burgh and Professor Sam Vine. Toby is a senior consultant in the nuclear industry as well as a VR specialist, Kate is a Consultant Clinical Scientist in the NHS and Sam a Professor of Psychology at the University of Exeter, and a leading researcher in the neuropsychology of human performance and learning.
Read the full press release here.
Find out more about how you could benefit from the South West Investment Fund here, or contact the Growth Hub team.
