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.
The company has U.S. headquarters in San Francisco, CA.