Cypress Growth Capital Invests in HTX Labs
$3.2M Non-Dilutive Funding for Immersive Learning Software and Services Company
Cypress Growth Capital is pleased to announce our recent investment in HTX Labs, an immersive learning software and services firm offering an extended reality (virtual/augmented reality) training platform.
Founded in Houston in 2017, the company’s unique advanced learning platform, EMPACT®, enables organizations to rapidly create, deploy, and measure highly realistic and engaging immersive training programs to reduce training costs, increase talent development, and build resilience and readiness. Current customers include various military services within the Department of Defense (DoD) and select commercial enterprises.
“We were initially attracted to Cypress’ non-dilutive funding alternative, but we’re even more excited about having a partner who can provide expertise and assistance across a variety of business areas,” said Scott Schneider, CEO and Co-Founder of HTX Labs. “Cypress has a decade-long track record of success in helping emerging software and services companies achieve scale. It is clear that the team’s collective entrepreneurial and operating experience will be of tremendous benefit to us as we focus on expanding our customer base in a very intentional way.”
“We wanted a partner who could provide expertise and assistance across a variety of business areas. The Cypress team’s collective entrepreneurial and operating experience will be of tremendous benefit to us.”
Scott Schneider, CEO, HTX Labs
“Scott and his team have built an exceptional business that is poised for dramatic growth,” said Cypress Partner Pat McCaffrey. “HTX Labs’ modern, immersive training solution provides clients with a force multiplier for modernizing training and an unmatched ROI.”
The growth capital investment will be used primarily to build scalable infrastructure and to add sales and content delivery teams to enable rapid growth in the company’s core market and beyond.