Press Release: VROC Announces Completion of Capital Raise

VROC has reached another milestone with the announcement of a completion of a capital raise. The raise follows an exceptional period for VROC, with new customer traction growing in North America and Europe, including the establishment of strategic partnerships with a range of global Engineering companies.

The majority of the funding will be used to strengthen VROC’s business development team to accelerate growth into process heavy industries; as well as to expand and further develop their Smart City / Smart Facilities offering.

“At VROC, we believe that the only way companies can become truly efficient is by seeing their organisation as a whole, looking at their assets holistically, and by breaking down information silos. With the rapid advancement in automation and big data processing, it is no longer acceptable for companies to be spending a significant amount of money in time and resources to implement industrial AI.”

“VROC was established with this guiding principle, and we are delighted to join forces with our new strategic investors to accelerate our mission. I look forward to their support as we utilise the investment to scale into new markets, and to help more companies discover the value of our ‘off the shelf’ no-code AutoML platform.” Trevor Bloch, VROC Group CEO and Co-founder.

“We are excited to invest in the exciting future growth outlook of VROC, and we see the emerging market potential for its technology to truly disrupt the traditional application of AI in industry. We believe the recent demand seen from global engineering players and multinational industrial customers for VROC’s predictive AI platform as a significant step forward to take the business into these global markets. We look forward to being a strategic capital partner and supporting the growth of the company on its journey.” Sean Ebert and Simon Tscharke on behalf of the investor consortium.