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Neurotech + Virtual Reality firm MindMaze raises $100M to accelerate growth, primarily in Europe

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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).”

Press release: Mind­Maze, the World’s First Mul­ti­sen­so­ry Com­put­ing Plat­form, Rais­es Com­mit­ments of $100 Mil­lion in New Fund­ing Round

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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Categories: Cognitive Neuroscience, Health & Wellness, Technology

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As seen in The New York Times, The Wall Street Journal, BBC News, CNN, Reuters,  SharpBrains is an independent market research firm tracking how brain science can improve our health and our lives.

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