We are a multiple award-winning Southeast Asia education and training software company, based in Singapore, which specializes in geospatial-based immersive media solutions, with a strong focus on education, training, and tourism. (incorporated in the Cayman Islands)
Since our inception in 2007, we have been dedicated to leading the transformation of learning, creating eLearning, mobile learning, and experiential app using augmented reality (AR), virtual reality (VR), or mixed reality (MR) solutions in Southeast Asia. In 2014, as part of our strategies to enable trainers and educators to leverage immersive and interactive content, we created our first proprietary award-winning web-based mobile authoring platform that empowers content owners to create, design, and publish their own interactive learning trails, contextualized to the location to enhance experiential knowledge, triggered by advance technologies such as GPS, Image Recognition, Augmented Reality and Beacons.
This authoring and publishing platform has evolved into PublishAR, and the experiential app evolved three generations later into LearnAR for education and training industry today, and we created our flagship Travel-Tech mobile app LocoMole, which is also an award-winning AR-enabled digital, experiential travel guide designed to meet the needs of the fast-growing numbers of free-independent-travelers and domestic travelers globally. A substantial part of our revenue is generated from providing eLearning content and consultancy services within our training sector, particularly to the Ministry of Defence of the Singapore government, as our businesses in education and tourism are in their early stages of monetization and currently do not generate significant revenue.
We seek to be one of the largest Asian subscription-based platforms for travel, training and education app equipped with AR/VR/MR content. We are enabling new experiences with a focus on Asia Pacific, in travel, and enhancement to education using innovative technology. Our various platforms empower the creation, sharing and implementation of experience, training and education, transforming how we live, work, learn, socialize and play. With the evolution of the metaverse concept, mass adoption of immersive technology, the progressive shift to decentralization, including the use of distributed ledger technology, or DLT, we are also developing and acquiring new competencies to integrate extended reality with the advent of the Next-generation Web.
Besides building on our legacy businesses in service-led training, education, and travel attractions discovery solutions, we are also expanding quickly into content creation software platform. With our core competencies in training, learning and discovery content development, and the technological know-how to develop immersive learning solutions and applications, we believe we will be scaling both organically and inorganically (through mergers and acquisitions) to capture the opportunities of the high growth segments in Asia Pacific XR Next-generation Web market. We will be developing and acquiring new XR Next-generation Web technologies and capabilities to build a more comprehensive metaverse ready immersive solution portfolio for various business-to-business and business-to-consumer sectors especially in travel, education and creator driven economy. Synergies from operational and go-to-market efficiencies will propel our reach to the other available market opportunities.
**Note: Revenue and net loss figures are for the 12 months that ended on June 30, 2022.
(Note: IMMRSIV, Inc. set terms for its micro-cap IPO in an F-1/A filing dated Feb. 10, 2023: 2.4 million Class A ordinary shares – offered by the company – at a price range of $4.00 to $5.00 – to raise $10.8 million. Selling stockholders will offer another 1.36 million Class A ordinary shares, which will not be sold until after the company’s stock starts trading on the NASDAQ, according to the prospectus. IMMRSIV, Inc. will not receive any of the proceeds from the sale of the selling stockholders’ shares. IMMRSIV, Inc. filed its F-1 on Dec. 29, 2022.)
|Address||1004, Toa Payoh North, #04-12 318995 Republic of SINGAPORE|
|Phone Number||+65 6255 4645|
|View Prospectus:||IMMRSIV, Inc.|
|Revenues||$1.5 mil (last 12 months)|
|Net Income||$-0.21 mil (last 12 months)|
|Price range||$4.00 - $5.00|
|Est. $ Volume||$10.8 mil|
|Manager / Joint Managers||Prime Number Capital Securities|
|Expected To Trade:|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|