Oxford VR
A new study published in the Lancet found that patients using VR therapy had a significant reduction in agoraphobic avoidance and distress compared to participants receiving usual care.
The new platform is powered by Oxford University spinout OxfordVR.
The program puts patients in virtual social situations, and a virtual coach guides them through tasks.
The round was led by Optum Ventures, with support from Luminous Ventures and previous investors.
Oxford VR, an Oxford University spinout company, has announced the launch of its leading-edge treatment for common mental health conditions through a unique partnership with AXA HK and the Chinese University of Hong Kong (CUHK).
AXA Hong Kong, The Chinese University of Hong Kong (CUHK) and Oxford VR (OVR) announced a first-of-a-kind partnership to pilot a groundbreaking automated immersive therapy using virtual reality (VR) for mental health in Asia including the Greater Bay Area.
Oxford VR, a virtual reality platform to treat mental health issues, has landed $4.1M to commercialize its technology.