Swiss startup MindMaze has raised $100 million in funding to create virtual reality hardware and software to provide clinical treatments for stroke victims.
The funding is one more example of how VR is spreading far beyond games and entertainment. As major VR headsets, such as the Oculus Rift, launch this year, the industry is drawing hundreds of new startups. By 2020, VR and augmented reality are expected to become a $10 billion industry, according to tech adviser Digi-Capital.
Lausanne, Switzerland-based MindMaze already delivered a thought-powered virtual reality, augmented reality, and motion capture game system in MindLeap. And MindMaze has also now begun to use VR to help a range of patients, including military veterans suffering from “phantom pain.”