Talespin, a Los Angeles-based provider of a platform that uses virtual reality to train employees, has raised $15 million in a Series B round led by Cornerstone OnDemand. HTC and Farmers Insurance Exchange participated.
Founded in 2015, Talespin has raised a total of $20 million to date, according to a statement Tuesday. The company will use the new funds toward research and development, growing its learning content library and improving its training platform, called Runway. Talespin products help employees practice for interviews, difficult workplace conversations, sales calls and other events.
As part of the deal, Cornerstone will partner with Talespin to develop new products and technology. Cornerstone customers will have access to Talespin’s virtual reality learning content.
Cornerstone, a publicly traded employee management and professional development software provider, has made other big investments in its industry this year. Cornerstone plans to pay $1.4 billion to buy one-time rival Saba later this year.
