
1. Technology overview
Virtualware was founded in Bilbao, Spain, in 2004 by Unai Extremo and Sergio Barrera and has offices in Orlando, Toronto and Skovde. It builds 3D and XR enterprise software for industrial simulation, digital twins and training, and has been listed on Euronext Growth Paris since June 2025 (ticker ALVIR).
VIROO is its enterprise real-time 3D platform for publishing, governing and running immersive applications across engines, users and devices. Teams build content in familiar 3D engines with VIROO Studio and plug it into multi-user sessions without rebuilding networking or backend services. Learners join the same synchronised scenario from desktops, multi-display systems, XR Rooms or headsets, while administrators manage access, roles, sessions and updates centrally. VIROO can be deployed in the cloud, on premises or in isolated environments, and is used for vocational training, rail simulators, defence health training and manufacturing.
2. Highlighted features & specifications
- VIROO Studio: tools and templates that simplify building enterprise XR applications in common 3D engines.
- Multi-user sessions: synchronised shared environments for distributed teams and instructors.
- Cross-device access: desktops, multi-display systems, XR Rooms and VR headsets join the same session.
- Central administration: access, roles, session launches, content updates and deployments managed in one place.
- Flexible hosting: cloud, on-premises and isolated environments for regulated customers.
- Ready apps and academy: ready-to-use applications, documentation and VIROO Academy for adopters.
3. Potential application
- Vocational colleges in Vietnam building XR rooms where classes practise mechanical, electrical and welding procedures together.
- Railway and metro operators training drivers and maintenance crews on shared simulators.
- Manufacturers using digital twins of assembly lines for operator training before new lines start.
4. Benefits
- Shared practice: whole teams train together in one synchronised XR scenario, even across locations.
- Reuse of existing work: content built in standard 3D engines plugs into multi-user sessions without rebuilding backends.
- Data control: cloud, on-premises and isolated deployment options fit IT, government and defence requirements.
- Proven at scale: Spain's education ministry is rolling VIROO out to 66 vocational centres under a six-year contract worth over EUR 5 million.
5. Market trends & opportunities
Governments are funding immersive labs in vocational schools to close technical skill gaps, while manufacturers, rail operators and energy firms use XR simulators to train crews on complex, high-risk procedures. Demand is moving from single-headset demos to managed, multi-user platforms that IT departments can govern. Vietnam's push to modernise vocational colleges and high-tech manufacturing creates similar needs for shared XR training infrastructure.
6. Other information
Founded 2004 in Bilbao, Spain; offices in Orlando, Toronto and Skovde. Listed on Euronext Growth Paris since June 2025 and certified B Corp in 2025; 2025 revenue EUR 4.32 million. Acquired Simumatik in 2024 and agreed to acquire Virtalis in 2026. Customers include GE Vernova, Volvo, Alstom, ADIF, Bosch and McMaster University; Korean partner GlobePoint.
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