VR Neurotechnology Company Receives Billion Dollar Valuation With Funding Round
According to the report by the Economic Times, the investment was for “less than a third” of the company and makes MindMaze one of two “Unicorns” in the AR and VR space, joining Magic Leap (recently valued at over $4bn).
Led by Dr. Tej Tadi, a doctor with over 10 years of specialization in the neuroscience field, MindMaze is a 52 employee strong neurotechnology company focused on combining virtual reality and motion capture with brain machine interfacing to help patients recover from traumatic events.
MindMaze’s virtual reality system uses a combination of methodologies to produce interactions in VR with “zero latency” according to Dr. Tadi. The system works by combining (in a modular way) a a band with dry electrodes to sense your brainwaves and muscle activity and a proprietary motion capture camera system to “predict” your movement before you make it. As Dr. Tadi explained in a previous interview with UploadVR “if I have movement data, muscle data, brain data, I can weigh for information, so I know that you’re going to move your hand, I can predict it from this, but I can also predict it from your muscle activity, and I can confirm it with my motion capture camera that you are moving the hand.”
“The long term vision for us is to enable people to completely experience VR as they should,” he says, “let’s say I move, and I had caught something, and I told you, this is how your brain reacts. Now, do you want to feed that signal back into the brain to make yourself move better?