Virtuleap raises $2.5M to make use of VR and AI for mind well being

Virtuleap has raised $2.5 million to make use of digital actuality and AI to enhance mind well being in a product dubbed Improve VR.

GED Ventures Portugal invested in Virtuleap, a startup specializing in healthtech and edtech. Virtuleap has developed a group of digital actuality video games that can be utilized to judge and enhance varied cognitive talents, equivalent to reminiscence, consideration, motor management abilities and spatial orientation.

The corporate stated it could actually present important scientific findings for mind well being screening and profiling by accumulating knowledge on a single platform.

Neuroscientists have developed these brief, intense, and enjoyable video games, they usually function translations of neuropsychological evaluation instruments, that are then analyzed utilizing synthetic intelligence studying instruments.

The Improve VR program, developed by Virtuleap, goals to supply a “fitness center for the thoughts” accessible to everybody, and doubtlessly serve sooner or later as a therapeutic for studying challenges like ADHD and different cognitive problems. The workouts are divided into seven cognitive classes: reminiscence, consideration, info processing, psychological flexibility, problem-solving, motor management and spatial orientation.

The corporate can also be constructing an upcoming second product, Cogniclear VR, which it plans to launch in 2024. It’s a digital reality-based cognitive screening software that’s being co-designed with companions like Lusíadas Saúde and Roche Portugal to be delicate sufficient to doubtlessly detect a cognitive dysfunction so early in its tracks (e.g. subjective cognitive decline) to allow earlier intervention for higher well being outcomes regarding cognitive diseases like Alzheimer’s illness.

Amir Bozorgzadeh, CEO of Virtuleap, stated in a press release this funding “permits us to ramp up growth and commercialization of our frontier VR cognitive options at a time wherein an impending ‘cognition disaster’ is properly underway.”

The corporate is engaged on creating AI studying algorithms utilizing the volumetric datasets of psychometric, bodily, and physiological knowledge (250K+ knowledge factors each 3 minutes) to doubtlessly correlate cognitive efficiency to psychological well being.

GED Ventures Portugal led this funding spherical, reinforcing its dedication to #Tech4Purpose.

Bibi Sattar Marques, associate at GED Ventures Portugal, stated in a press release, “the funding in Virtuleap displays the corporate’s strategic strategy of investing in expertise that positively impacts individuals’s lives, notably their well being. By bringing collectively expertise and well-being, we’re dedicated to pave the way in which for a brand new period in psychological well being that’s accessible to everybody.”

GED is an unbiased and worldwide monetary group in Europe, the USA of America, and South America. At the moment, it manages greater than a billion euros in belongings within the areas of enterprise, non-public fairness, and Infrastructure.

The flagship product, Improve VR, has gained over 60,000 early registered customers with none advertising efforts. Its world attain is obvious with its availability in main VR app shops and translations in 5 languages: English, Spanish, Portuguese, Japanese, and Chinese language. The corporate might be including German, French, and Dutch by Q1 2024.

Scientific credibility

The corporate stated its dedication to analysis is obvious with 4 revealed papers, certainly one of which showcases a promising pilot research. This research reveals {our capability} to boost processing velocity in college students with ADHD.

And the corporate has secured $1.8 million in in-bound business agreements (mixture of pilots, licensing, and growth assist) with corporations like Penumbra, HP, and BehaVR, underscoring the trade’s demand for our transformative expertise.

In collaboration with Roche, the agency is growing Cogniclear VR. This groundbreaking software is ready to revolutionize early cognitive sickness detection, doubtlessly outpacing any present answer in velocity and accuracy.