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New Money: Interplay Learning Raises a $1M Round Led by CTAN


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By Sage Ross (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

It used to be that 'hands-on' training really meant being an apprentice and using your hands as an experienced pro guided your moves.

Now, that's changing.

Interplay Learning, an Austin-based training technology startup, has developed 3D simulations and virtuality reality to train people for traditional skills, such as electrical work, manufacturing and new trades, like solar panel installations. The company now plans to ramp up its efforts with a $1 million investment led by the Central Texas Angel Network, with participation by San Diego-based Tech Coast Angels.

"As baby-boomers in the professional trades retire, the United States faces major workforce shortages in middle skill fields. Plus, in rapidly growing markets like solar installation, workforce training is creating major industry bottlenecks." Doug Donovan, CEO and co-founder of Interplay, said in a news release.

The new money comes almost at the same time as an award from the U.S. Department of Energy's SunShot Initiative that supplies Interplay with $1.25 million to develop and launch online solar training with 3D simulations and advanced training interfaces.

"Learning a trade has changed," Donovan said. "Vocational programs and unions play a smaller role across the country. Company owners and equipment manufacturers are forced to provide training if they want to meet market demand. What we're talking about here is a serious pursuit. These are the middle class careers that are the backbone of America."


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