MindMaze raises $100m for neural virtual reality platforms

Multisensory computing platform developer MindMaze said today it raised $100 million to support its medical-grade neural virtual reality platforms.

Switzerland-based MindMaze combines virtual reality, computer vision, neuroscience, AI and haptic feedback to create virtual reality rehabilitation platforms and other medical virtual reality applications.

The round was led by the Hinduja Group, and joined by various family offices, the company said.

“MindMaze’s next-generation human-machine interface is already proving itself in healthcare, games, and its potential for applications in transportation, defense and various types of media are now ready to be truly explored. We are excited to help MindMaze build on its achievements, while seeing that both current and future partners have their collective visions realized,” a Hinduja Group spokesperson said in prepared remarks.

In November last year, MindMaze received CE Mark approval in the European Union for a version of its platform designed for the rehabilitation stroke and brain injury survivors. The company said it has already commercialized the product across Europe and Asia.

“This funding round is the 1st endorsement of the investment potential for the MindMaze platform and supports our vision to build the Human Interface,” CEO Tej Tadi said in a press release.

The Swiss startup said it will continue to license its platform in business-to-business and business-to-consumer spaces as it optimizes its virtual reality products for mainstream experiences.

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