Funds will Expand Sales & Marketing Initiatives to Bring VR/AR Therapy to Patients Throughout the U.S., AU and Israel
XRHealth, the leader in extended reality and therapeutic applications, announces today that they secured $9M in venture funding from Discount Tech. The funds will be used to expand sales & marketing initiatives to bring VR/AR therapy to patients throughout the U.S, AU and Israel.
XRHealth operates state-of-the-art therapeutic care Virtual Clinics, utilizing 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, providing a comprehensive therapeutic care solution for patients to receive treatment from the comfort of their home.
“XRHealth’s extended reality technology treats patients needing physical therapy, occupational therapy or seeking relief from Parkinson’s symptoms, pain, stress & anxiety, and many other conditions, and has proven successful outcomes, ” says Eran Orr, Founder & CEO of XRHealth. “The combination of engaging VR/AR games, personal one-on-one video sessions with therapists, and receiving treatment in the comfort of home, creates a pathway for success for patients to complete their therapy and achieve remarkable results.”
The XRHealth XR Platform solves many gaps in outpatient care and telehealth delivery. The company provides a HIPAA-compliant XR Platform that collects individual patient real-time quantitative data, enabling extensive patient monitoring. Virtual treatment rooms are engaging, driving patient carryover, and accelerating recovery. Additionally, the customizable applications provide flexibility & enable clinicians to use the XR environment to impact the psychology of the patient. Treatment is location-agnostic, solving supply and demand constraints within local markets and providing a comprehensive solution for at-home remote treatment, and is safe to use in the post-COVID-19 healthcare market.
“We are very excited to take part and support the XRHealth journey in expanding their services globally, and provide them with venture debt backing” says Guy Navon Head of Discount Tech. “Virtual reality/augmented reality as a platform for telehealth takes medical treatment to a new level and makes therapy accessible to anyone, no matter where they are.”
Yuval Gavish, Senior executive vice president, Head of Corporate Banking Division says, “supporting XRHealth’s journey is an example of Discount Tech strategy in becoming a significant player for VC backed companies in Israel’s high-tech ecosystem.”
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