MindMaze Raises $100M in Funding
Summary
MindMaze, a Lausanne, Switzerland-based multisensory computing platform, raised $100m in funding.The new round, which was led by the Hinduja Group, with participation from unnamed family offices, pre-money valued the company at more than $1 billion.Founded by CEO Tej Tadi in 2012 as a spin off from the Swiss Federal Institute of Technology (EPFL), MindMaze is advancing a platform for building intuitive human machine interfaces, which combines virtual reality, computer vision, neuroscience, AI and haptics.The 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 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.