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MindMaze

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MindMaze - Healthcare showcase

Year Founded & Workforce

2012

200 Employees

Industry

Healthcare

Services

Neurorehabilitation SystemBrain-Computer Interface Market
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MindMaze Overview

Company Headquarters: Lausanne, Switzerland

Founded: 2012

Workforce: ~200

Company Working: MindMaze is a global leader in digital neuro-therapeutics (DTx) solutions dedicated to accelerating the brain's ability to recover, learn, and adapt. It is a medical device company that specializes in neurorehabilitation, virtual reality, brain imaging, neurotechnology, 3D technology, neural prediction, brain computer interface, and engineering. It works at the intersection of neuroscience, bio-sensing, engineering, mixed reality, and artificial intelligence. Its healthcare division is addressing some of neurology's most difficult problems, such as stroke, Alzheimer's disease, and Parkinson's disease, by developing a universal platform for brain health and recovery and novel digital therapeutic interventions. MindMaze's ground-breaking FDA-cleared and CE-marked neuro-digital therapeutics help patients recover from a wide range of critical neurological conditions.

It is Switzerland's first unicorn, with offices in Lausanne, Baltimore, London, Paris, and Mumbai.

Strategy

MindMaze's mission is to improve the lives of patients worldwide by developing novel digital therapeutic products for the treatment of serious neurological conditions. Its mission is to lead a neuro-focused digital health platform that addresses full-body motor and cognitive challenges associated with key neurological conditions. It believes that the demands of a rapidly aging global population make its proprietary, time-tested solutions more important than ever. It is well-positioned to dramatically improve care for millions of patients with funding and acquisition. Through this, it will be able to scale quickly.

Company Snapshot

200

Employees

2012

Founded

Lausanne, Switzerland

Headquarters

SWOT Analysis

Strengths

  • Innovative neurorehabilitation products
  • In partnership with McLaren Racing
  • Evidence-driven therapy and assessment portfolio
  • Its healthcare solutions have benefited over 10,000 patients

Weaknesses

  • Limited product line
  • High dependency on developed markets
  • Low funding for new technology

Opportunities

  • Increasing funding for research and development
  • Expansion through strategic acquisitions
  • Acquisitions and mergers
  • Commercially available digital therapeutics

Threats

  • Changing competitive landscape
  • Intense competition
  • Changing customer preference

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Key Developments

DateApproachDevelopment
November 2018AcquisitionMindMaze acquired Neuro Motor Innovations Corporation (NMI), headquartered in the US. This acquisition is expected to help MindMaze develop & commercialize NMI's technology that targets the treatment of a wide range of neurological diseases and injuries.
May 2018Product ClearanceThe US Food and Drug Administration (FDA) has granted clearance to MindMotion GO, a portable neurorehabilitation product, for launch in the US.
May 2017Product ClearanceMindMaze received FDA clearance for its MindMotion Pro platform, a motion capture system that can be used in rehabilitation of stroke and traumatic injury patients.
February 2022PartnershipMindMaze secured a USD 105 million financing by Concord Health Partners (US) round to accelerate its global commercial growth plans. It is also accelerating R & D and consolidating the clinical development pipeline of its industry-leading digital therapeutic solutions for various neurological diseases.
October 2021InvestmentMindMaze invested USD 125 million to fuel the expansion of its SaaS-based digital neurotherapeutics platform. AlbaCore Capital Group (UK), one of Europe's leading specialist investors, provided the funding.
November 2018AcquisitionMindMaze acquired Neuro Motor Innovations (US), which aims to significantly advance recovery for patients with neurological diseases and injuries. The acquisition will help to improve cognitive and motor functions and will complement MindMaze's current approach to neurorehabilitation.

Product Offering

  • MindMaze
    • Neurorehabilitation System
    • Brain-Computer Interface Market

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