Loft Dynamics announces its rebranding and fundraising of $20 million in financing

Loft Dynamics has announced it has rebranded and raised $20 million in financing.

This is the company’s first institutional round, led by US technology investors Craft Ventures, Sky Dayton and Up Ventures. The funding aims to accelerate the company’s growth into international markets.

The rebrand from VRM Switzerland to Loft Dynamics also positions the company for global expansion.

Fabi Riesen, Co-Founder and CEO of Loft Dynamics, said: “After many years in development, we are ready to expand Loft Dynamics to become a global company and bring our technology and training solutions to the world.

“This funding comes at exactly the right moment as we will be able to meet the escalating demand for flight schools and accelerate the range of aircraft types we support.”

Virtual reality making a difference in reality

Loft Dynamics has created a safer, more accessible, and more realistic training simulator by combining a high-resolution virtual reality (VR) system, a six-degrees-of-freedom motion platform, and a full-scale replica cockpit.

It is the world’s first and only VR full motion simulator qualified by a major aviation regulator, with European Union Aviation Safety Agency (EASA) authorization in May 2022 as an EASA FTD Level 3 Flight Simulation Training Device (FSTD) for the Airbus H125 and the Robinson R22.

Patrick Ky, Executive Director and Head of EASA said: “Loft Dynamics is paving the way for the integration of virtual reality applications in pilot training.

“EASA looks forward to seeing the flight safety benefits of this as soon as possible, in line with the objective of EASA’s Rotorcraft Safety Roadmap of increasing safety by 50% by the end of 2028 compared with 2017 figures.”