Boston-based digital actuality platform XRHealth introduced that it secured $6 million in financing led by Asabys Companions with participation from NOVA Prime Fund and the corporate’s present traders.
WHAT ARE YOU DOING
XRHealth’s platform permits sufferers with stress and anxiousness, persistent ache, fibromyalgia, and neurological circumstances to attach with a supplier by way of telehealth and obtain really useful therapies in a digital actuality headset delivered to the affected person’s residence. Information is collected and transferred to the supplier, and sufferers can observe their progress by means of the XRHealth cell app.
Final yr, the Boston-based firm merged with Barcelona-based Amelia Digital Care, a digital actuality platform for psychological well being professionals. The businesses got here collectively beneath the XRHealth model and the current funding spherical solidified the completion of that merger.
ameliapreviously Psious VR, affords a digital actuality platform for psychological well being professionals to conduct assessments and supply interventions, resembling mindfulness, rest, graded publicity, and psychoeducation.
The current $6 million funding will probably be used to assist the expansion of the mixed corporations in addition to the event of the XRHealth portfolio, which incorporates the creation of an AI-enabled physician who will help deal with sufferers with psychological well being circumstances and information them by means of bodily and occupational therapy. packages.
“We imagine 2024 would be the yr of digital actuality,” stated Eran Orr, CEO of XRHealth. MobiHealthNews in an e-mail. “The funding will probably be used to create extra superior applied sciences, resembling an AI physician, that can push the boundaries of how digital actuality and augmented actuality will probably be used within the digital healthcare house.”
MARKET SNAPSHOT
In 2022, the corporate achieved $10 million in funding to develop VR-focused healthcare therapy within the metaverse.
Two years earlier, XRHealth obtained $7 million in funding and a $450,000 grant from the Israel Innovation Authority to offer Israel hospitals with telehealth companies to fight the consequences of COVID-19.
In November, the corporate revealed its plans to ship a digital actuality headset into house to assist astronauts’ psychological well being.
In collaboration with Nord-Area Aps and HTC Vive, XRHealth designed the Vive Focus three headset to resist house circumstances by utilizing a simulator mode and specialised monitoring methodology by means of the controllers to make sure efficient operation in a microgravity setting.
Final yr, XRHealth was obtained a US patent for a studying system know-how that adjusts coaching and therapy protocols in accordance with the affected person’s biometric and motion information.
The know-how will probably be used for the primary time to mix Apple Watch with Apple’s new augmented actuality headset introduced in June, known as Apple Imaginative and prescient Professional, to offer AI-enabled closed-loop therapy.