MindMaze tops the list raising $100M in 2016 alone, and causing a surge in funding for the sector during the year
Over the last few year, Virtual Reality and Augmented Reality have been buzzwords in the technology world, and a tremendous amount of focus has been towards the applications of AR/VR in fields beyond entertainment. Among them, the applications of VR and AR in Healthcare have, in particular, generated a lot of interest.
In terms of funding in the segment, Healthcare VR and AR Technologies have seen a fair amount of investor interest, with funding activity in the sector been gradually increasing in 2010-2015. But in 2016, the investments into the space has shot up dramatically by 263%, with $120M being invested during the year so far.
This large surge is funding is purely because of Mindmaze, which raised a massive $100M from the Hinduja Group in February 2016. This single deal is greater than the combined total funding received for the last five years in the VR / AR healthcare sector.
This obviously makes MindMaze the most well-funded company, with more than $118M in investments since its first funding round in 2012. MindMaze develops interfaces for neuro-rehabilitation, game training, and 3D imaging, using VR/AR and neurophysiological recording technologies.
Besides MindMaze, a list of the top companies in Healthcare VR and AR would include the likes of LensAR, which develops laser technology for cataract surgery, with an AR feature to image a patient’s eye to provide information a surgeon needs to plan a femtosecond laser procedure. The list also includes Augmedix, which uses Google Glass as an electronic medical record solution, thereby saving time for documentation and increasing the time spent on patient consultation.
|Company Name||Description||Founding Year||Total Raised||Select Investors|
|Mindmaze||Virtual Reality for neuro-rehabilitation||2012||$118.5M||Hinduja Group|
|LensAR||Laser Technology with AR feature for cataract surgery||2004||$75.1M||Oxford Finance Corporation, Florida Growth Fund, Aisling Capital|
|Augmedix||Glass powered solution for Doctors||2012||$40.4M||Rock Health, DCM, Emergence Capital Partners|
|GenePeeks||Digital recombination of DNA to reduce the risk of heritable diseases in off-springs||2009||$8.3M||Horizon Technology|
|Brainlab||Software and integrated solutions for surgical and radiotherapy applications||1989||$7.3M||Intel Capital|
|Bright.md||Web & mobile-based virtual physician assistant for hospitals and patients||2014||$4.5M||Seven Peaks Ventures, Portland Seed Fund, Oregon Angel Fund|
|BioDigital||Online 3D human body to help people better understand their health||2003||$4.4M||Firstmark Capital, New York University|
|EchoPixel||Software for AR medical-image visualization||2012||$4.1M||Undisclosed|
|Aira||Remote assistance technology platform for the visually impaired, where interpretation service is provided by trained interpreters||2015||$3.8M||Lux Capital, ARCH Venture Partners, ARCH Venture, Felicis|
|Platform for doctors for disease management of their chronic patients, post-discharge||2013||$3.5M||TA Ventures, Eastlink Capital, Search Results
Alchemist Accelerator, Launchpad Digital Health