Virtual reality sports training company Strivr expands to assist corporate clients like Walmart, Chipotle, Fidelity, BMW, and Bank of America in training new employees

Briefing

Virtual reality sports training company Strivr expands to assist corporate clients like Walmart, Chipotle, Fidelity, BMW, and Bank of America in training new employees

June 1, 2018

Briefing
  • Virtual Reality Training – Virtual reality company Strivr offering virtual training solutions for sports teams and, more recently, corporate clients to train personnel
  • Started in Sports – Strivr's technology, first designed for quarterbacks, linebackers, safeties, offensive linemen, kickers, wide-receivers, skiers and hockey players, allow players to practice techniques without teammates present
  • On-the-Job Learning – Recreates on-the-job experiences in virtual reality, such as Walmart allowing employees to observe operations during store hours, without disrupting business
  • Corporate Clients – Include Chipotle, Fidelity Insurance, BMW, Bank of America and Walmart
  • Subscription – Strivr charges clients through subscription model, which can reach $50,000 to $100,000 per year for sports teams, and higher for enterprise customers

Accelerator
Virtual and Augmented Reality

Business Model and Practices

Business Model
and Practices
Smart, Creative People

Sector
Financial Services, Transportation and Logistics, Wholesale and Retail Trade

Organization
BMW AG, Bank of America Corp., Chipotle Mexican Grill Inc., Fidelity Investments, STRIVR Labs Inc., Wal-Mart Stores Inc.

Source

Original Publication Date
May 27, 2018

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