Moth Flame News Today

The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/23/2021 featuring funding details for Moth+Flame, VERO Leasing, and much more.

Moth+Flame, cofounded by Kevin Cornish, is a VR immersive training platform for public and private use focusing on both soft and hard skills.

The training is meant to take on problems that, if anything, have worsened in the military in recent years. Between 2014 and 2019, the suicide rate for all active-duty troops increased from 20.4 to 25.9 suicides per 100,000 according to Pentagon data; in the last three months of 2020, suicides among National Guard troops nearly tripled to 39 from 14 over the same period the prior year.

The company has been awarded $4 million from AFVentures and the Secretary of Defenses Rapid Reaction Technology Office to accelerate development of its its virtual training platform called Ready VR. The awards follow a series of smaller grants Moth+Flame has won since late 2019 to adapt technology the company developed in 2015 for use in the entertainment industry that was later adapted for corporate and government training. Kevin Cornish, who grew up in Colorado Springs, is founder and CEO of ...