Talks of medical reforms backed by advanced technologies have been around for quite some time now, however, this possibility is already under an R&D process by a company backed by Leonardo DiCaprio. MindMaze, a company that creates virtual reality games, helps people in retraining their motor skills after a serious stroke or brain injury.
They have games that can be played at home or in an emergency clinic or facility, and it includes assignment that imitate parts of the brain. The company is valued at more than $1.5 billion after receiving funds from AlbaCore Capital Group, according to the sources. MindMaze is supported by Hollywood megastar Leonardo DiCaprio.
“The future of medicine is not just popping a pill,” said Tej Tadi, Chief Executive Officer and MindMaze’s neuroscientist founder and former computer science engineer. “You combine it with a software intervention like MindMaze. It’s systematic, continuous and very targeted repetitive training that leads to recovery.”
The rehabilitation products by MindMaze is utilised by patients in Europe, U.S. and Asia. The organisation is pitching to get clearance for software that doctors could prescribe for other conditions as well.
The idea behind creating such a product is to make the treatment process interesting yet easy for the patients. “If someone lives with Parkinson’s or dementia, you would go to a physician and they’d prescribe MindMaze software just like they’d prescribe a drug,” Tadi said. “That will be a paradigm shift where you consume software-driven content to essentially rewire the brain.”
MindMaze is planning to list itself publicly in the coming future, however, it hasn’t yet settled in on a choice with regards to whether it will seek after a traditional posting or a purpose acquisitions vehicle.