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Training Tech Company Raises $24M in Series B Funding

Loft Dynamics’ offerings will include new airliner simulators.

Assembly line production of Loft's helicopter flight simulators. (Photo: Loft Dynamics)
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Key Takeaways:

  • Loft Dynamics secured $24 million in Series B funding to advance its virtual reality (VR) pilot training systems for commercial airline pilots.
  • The company, known for developing the world's only FAA- and EASA-qualified VR helicopter simulator, is expanding its technology to include Boeing 737 and Airbus A320 aircraft.
  • Loft Dynamics aims to reduce pilot training bottlenecks and high costs by offering more realistic, accessible, and efficient VR solutions compared to traditional full flight simulators, incorporating features like haptics, eye-tracking, and a forthcoming remote training kit.
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Flight training technology company Loft Dynamics announced Thursday it has raised $24 million in series B funding as it develops and refines virtual reality training systems for commercial airline pilots.

Loft Dynamics, which is co-headquartered in Santa Monica, California, and Zurich, developed the world’s only FAA- and EASA-qualified virtual reality (VR) helicopter simulator. It is now preparing to roll out next-generation simulators for the helicopter market and the Boeing 737 and Airbus A320.

Zach Vasile

Zach Vasile is a writer and editor covering news in all aspects of aviation. He has reported for and contributed to the Manchester Journal Inquirer, the Hartford Business Journal, the Charlotte Observer, and the Washington Examiner, with his area of focus being the intersection of business and government policy.

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