
Loft Dynamics has secured additional funding that will help the Swiss company continue development of virtual reality (VR) simulators for airlines and expand its core helicopter business. Total capital raised has reached $60 million, including a recent series B round of $24 million, led by The Friedkin Group, with participation from Alaska Airlines and existing shareholders Sky Dayton and Craft Ventures, as well as UP.Partners, according to Loft.
The full-motion Loft VR Airbus H125 helicopter simulator is EASA- and FAA-qualified. It is developing an H145 simulator as well as full-motion VR Airbus A320 and Boeing 737 simulators and a cloud-connected training suite. “Up to 12 times smaller and a fraction of the cost of traditional full-flight simulators,” the airliner simulators will include haptics to replicate the feel of the cockpit controls, plus body and eye-tracking and “AI-powered training intelligence to measure pilot performance and deliver tailored feedback.”