Boston, provider of a healthcare platform in spatial computing, XRHealth raised USD 6 million in funding. The company announced the fundraise on January 9, 2023. Asabys Partners led the financing for the company. Meanwhile, NOVA Prime Fund, a venture capital fund created by global innovator LG Electronics and Clearbrook, LLC., and XRHealth’s current investors joined in the financing. In addition, the company marked the completion of the merger between XRHealth and Amelia Virtual Care.
Purpose of financing for XRHealth
With the latest funding, XRHealth seeks to support the growth of the combined entities. The company also intends to further the development of an AI-based clinician that can treat patients with mental health conditions and walk patients through physical and occupational treatment programs.
On the other hand, the merger between Amelia Virtual Care and XRHealth created the largest extended reality platform company covering mental, physical, and occupational health. The new funding also supports the merger of businesses, technologies, and teams. The company has plans to leverage new opportunities derived from the synergies of the combined entity.
What the company’s official has to add
Eran Orr, Chief Executive Officer of XRHealth, said, “The funding is intended to support the growth of our platform, which is now the largest virtual/augmented reality solution supporting both physical and mental health, revolutionizing digital healthcare by making it accessible to anyone, no matter where they are located. We are also very excited to announce that we are working on an AI clinician in Spatial computing which will reduce the burden on the clinical staff and improve access to healthcare for millions of patients around the world.”
What the investors have to comment
Ali Diallo, Managing Director at NOVA Prime Fund, said, “XRHealth’s use of advanced technologies in its healthcare platform sets it apart as an innovative solution for healthcare,” “The digital healthcare market is in need of unique offerings that can set the industry on the path of large scale transformation with new capabilities, greater access to care and services, and we’re looking forward to working with the XRHealth as they continue to grow their offering to meet these needs.”
About XRHEALTH
Eran Orr in 2016 launched the company. XRHealth operates state-of-the-art therapeutic care Virtual Rooms. It utilizes proprietary FDA and CE-registered medical Extended Reality (XR) technology (virtual and augmented reality). XRHealth integrates immersive XR technology, licensed clinicians, and advanced data analytics on one platform. It further provides a comprehensive therapeutic care solution for patients to receive treatment from the comfort of their homes.
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