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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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