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Boston-based mostly virtual reality system XRHealth and Barcelona-based mostly Amelia Virtual Treatment, a VR system for psychological health and fitness industry experts, introduced their intention to merge into 1 business beneath the XRHealth manufacturer title.
XRHealth’s platform makes it possible for individuals on the autism spectrum and people with pressure and anxiety, chronic suffering, fibromyalgia and neurological situations to connect with a provider by using telehealth and receive suggested therapies on a digital reality headset sent to the patient’s home. Info is gathered and transferred to the provider, and sufferers can observe their system through XRHealth’s cell application.
Amelia Virtual Treatment, formerly Psious VR, provides a virtual actuality system for psychological well being gurus to conduct assessments and offer interventions, these types of as mindfulness, rest, gradual exposure and psychoeducation.
The finalization of the merger is matter to shareholder acceptance from the two companies.
“With our merger, we now have an stop-to-finish products that addresses privateness and safety, several use circumstances with a variety of content material, compliance and regulation, and operational applications to help scale (which include real-time and asynchronous control of remedies and treatment method designs, connectivity, integrations to EHR/CRM, and traces of communications).
“This alternative is excellent for vendors and third-occasion companies that want to assist revolutionize healthcare with a XR software program without having investing time and dollars into developing all the supporting infrastructure. We have a increasing amount of written content partners nowadays and anticipate this to improve significantly right after this merger,” Miki Levy, cofounder and CTO of XRHealth, explained in a statement.
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In 2020, XRHealth scored $7 million in funding to expand its telehealth system and a $450,000 grant from the Israeli Innovation Authority to deliver Israeli hospitals with telehealth products and services to fight the outcomes of COVID-19. Last yr, the firm declared it raised $10 million in funding.
Previous year, Amelia Digital Care lifted €7 million ($7.73 million) in funding.
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