Virtualware Secures Financial Backing from Basque Government, Cofides, Elkargi, and BTI for Virtalis Acquisition

Spanish digital twin specialist Virtualware has received investment support from various regional and national entities for its purchase of British virtual reality firm Virtalis.

Virtualware, a Spanish digital twin specialist, has secured financial backing from the Basque government, Cofides, Elkargi, and BTI for its acquisition of British virtual reality firm Virtalis. The investment will support Virtualware's expansion into new markets and the development of its digital twin technology. The acquisition is expected to enhance Virtualware's capabilities in the field of virtual and augmented reality.