MindMaze is developing a platform for building virtual and augmented reality products and is currently focusing on neuroscience.
MindMaze, the Switzerland-based creator of a virtual reality computing platform, secured $100m of funding commitments yesterday in a round led by conglomerate Hinduja Group that included undisclosed family offices.
Founded in 2012 as a Swiss Federal Institute of Technology spinout, MindMaze has built a platform for the creation of intuitive human-machine interfaces that incorporate virtual reality, computer vision, neuroscience and artificial intelligence.
The technology has already been commercialised for the rehabilitation of stroke and brain-injury victims, but MindMaze expects it to eventually power more mainstream virtual or augmented reality products.
The funding, raised at a pre-money valuation of more than $1bn, follows an $8.5m round in March 2015. Hinduja has been an investor in MindMaze since its early stages, the company said.
A Hinduja spokesperson 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 realised.”
– This story was first published on our sister site Global Corporate Venturing.
