Swiss virtual reality startup MindMaze announced it has raised ridiculous early round of $100 million at a $1 billion valuation.
The lead investor is multinational conglomerate Hinduja Group, which holds interests in energy, automobiles, energy and healthcare. (No other investors are being publicly disclosed at this time.) The round is still open and the company is seeking additional investors.
MindMaze makes a headset — called MindLeap — that mixes both virtual reality and augmented reality. There’s a camera on the front of the headset so the user can see the world around them while also viewing virtual worlds. Embedded in that headset is a depth sensor for capturing motion like hand gestures. And most interesting of all is the EEG scanner, which measures the electrical activity in the brain, that’s in the strap of the headset. In online demos, the company shows how the EEG scanner changes what’s happening in the virtual world by reflecting if the user is calm or not.