Swiss Startups Delving Into Virtual Reality (TechCrunch):
“On the heels of the MindMaze round of $100 million, it is clear that Swiss tech is booming and beginning to tickle the curiosity of international investors.
The startup had already closed an angel funding round of $10 million and recently announced the opening of their Series A round at a $1 billion valuation. The lead investor is multinational conglomerate Hinduja Group, with participation from family offices that haven’t been disclosed yet.
MindMaze is a neuro-rehabilitation platform that helps stroke victims to recover faster by “fooling” the brain through VR/AR technology. Launched in 2012 by Tej Tadi, at the time a PhD student who specialized in Neuroscience, the startup is a spin-off from the Swiss Federal Institute of Technology in Lausanne (EPFL).”
MindMaze’s breakthrough platform for building intuitive human machine interfaces combines virtual reality, computer vision, neuroscience, AI and haptics. The first-of-its-kind multisensory technology has already been commercialized for stroke and brain-injury survivors and its current regulatory approvals enable the company to accelerate placement of devices in Europe and Asia…MindMaze’s distribution and manufacturing partnerships in Asia position the company to scale the technology to an even broader range of verticals while consolidating its current interests. This is illustrated by MindMaze’s success in the healthcare sector, where partnerships have been forged for financing and leasing of devices; and in customer service centers in more than 50 countries.
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