RIF, the Research & Innovation Fund S.r.l. , vehicle operated by Equiter S.p.A. and dedicated to investments of funds of the National Operational Programme “Research & Innovation” 2014-2020, promoted by the Ministry of Education, University and Research, invests EUR 2.2 million for the acquisition of 27.5% of VRMedia.

“The entry into the capital of VRMedia represents the 11th investment for RIF, vehicle operated by Equiter and financed by funds from the PON 2014-2020 of the Ministry of Education, University and Research. Through this capital injection, the company will be able to develop a set of enabling skills for the Industry 4.0 area: VRMedia will locate part of its experimental development and industrial research activities in a new field office in Cagliari – Italy, generating a relevant impact both in terms of employment and collaboration with research institutes and local universities”, says Enrico Bertoni, General Director of Equiter.

“Thanks to the contribution of RIF, the Kiber project – now Kiber 3, as it has reached the third release – will make a further technological leap, embedding Artificial Intelligence technologies and enhancing its integration with the current software tools and technologies. The technological evolution of Kiber resulting from the development of the Research and Innovation project financed by the new investor, will give us the opportunity to consolidate our market penetration in the United States, that represent an important final market and a key platform to a worldwide growth”, explains Federico Gulletta, VRMedia’s Chief Executive Officer.