Switzerland-based VR company, MindMaze received a major investment from Hinduja Group, who has valued the company at over $1 billion. This is a ten-fold increase since its previous valuation in 2012 where it was pegged at $10 million.
In a recent report published by the Economic Times, the investment is only “less than a third” of the company and makes MindMaze one of two “unicorns” in the AR and VR industry. MindMaze now joins Magic Leap in this category, which was values at over $4 billion.
MindMaze is led by Dr. Tej Tadi—a doctor who specializes in neuroscience—who is focusing combining virtual reality and motion capture with brain machine interfacing in order to help patients recover form traumatic events.