Hinduja Group leads investment round in MindMaze currently valued at more than $1 billion.
SAN FRANCISCO, Feb. 17, 2016 /PRNewswire/ — MindMaze, the world’s first end-to-end multisensory computing platform, today announced it has raised commitments of $100 million in a new round led by the Hinduja Group, the 102-year-old global conglomerate that has invested since the company’s early stages, with participation from family offices. Also announcing its recent pre-money valuation of more than $1 billion, MindMaze will build further on its track record for launching top-end medical-grade neural virtual reality platforms.
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. The MindMaze platform will become more broadly available through licensing in the business-to-business and business-to-consumer spaces to power virtual reality-optimized products for mainstream experiences.
“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,” said the spokesperson of Hinduja Group. “We are excited to help MindMaze build on its achievements, while seeing that both current and future partners have their collective visions realized.”
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. These new opportunities are opening up MindMaze to unprecedented startup markets and territories.
MindMaze brings together a coalition of industry experts and thought leaders who were drawn to the vision and milestones achieved by the company in such a short period of time. The board and advisory team is comprised of some of the world’s top business and scientific leaders from such major and prominent organizations and institutions such as Medtronic, Baxter, HBO, Stanford University, UC San Francisco, The Brown Institute for Brain Science, The Wyss Biotech Center and EPFL.
MindMaze will bring human connection and emotion to immersive games and experiences, while it continues to build on its history of delivering clinical data and results for doctors and patients. Within the healthcare space, the platform will be tested in key U.S. centers for both motor and cognitive recovery applications in 2016.
“This funding round is the first endorsement of the investment potential for the MindMaze platform and supports our vision to build the Human Interface,” said MindMaze Founder and CEO, Tej Tadi.
About MindMaze:
MindMaze is a neurotechnology company built on more than a decade of cutting-edge research at the intersection of neuroscience and virtual reality. In less than three years, MindMaze has become one of the top startups in Switzerland. The company brings together an eclectic mix of computer scientists, neuroscientists, physicists and roboticists driven by a passion to enhance the quality of life of brain injury survivors. MindMaze is now expanding its multisensory platform into new fields of consumer health and technology. Founded by Tej Tadi, PhD, in 2012, the company is based in Lausanne, Switzerland with U.S. headquarters in San Francisco, CA.