VRHealth

VRHealth creates Medical & Wellness Applications using VR/AR technology. Through an enhanced experience and data analytics, users can analyze and quantify performance, in clinics and at home. All our medical products are FDA authorized.

239% of funding target

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By: Eran Orr
Successfully fundedAngel Investment
Investment type:
Company Stage:
Category:
Digital Health

Highlights

Highlights

The First Certified VR/AR Medical Applications Company in the World

Healthcare today faces multiple challenges, from lack of access to poor compliance, from high costs to remote monitoring challenges. All these can be answered with VR/AR solutions, providing tools for quantification, remote monitoring, gamification, engagement and much more. VRHealth is bringing these VR/AR solutions to the market, developing FDA Registered medical application, for use both at the clinic and at home, in a wide range of medical disciplines, including pain management, physical and motor-cognitive rehabilitation, balance disorders as well as wellness applications for preventative care and wellbeing.

To date VRHealth has 5 FDA Registered medical applications in the market and 8 more applications in various Beta stages, releasing new applications to the market on a monthly basis. Partnering with the biggest VR/AR companies in the market, our applications are compatible with the most advanced technology to date, harnessing AR/VR capabilities to the most urging healthcare needs.

On April 2018 VRHealth started a collaboration with AARP, a nonprofit organization, to develop a “VRHealth App Store” for the 50+ population.

In Addition, we have finalized paramount agreements with several of the biggest health organizations in the US and we are launching our VRHealth™ Platform 2.0 this coming holiday season. In order to support these projects, we decided to raise a quick funding round.

Now is the time to join VRHealth and Redefine Therapy!

 

 

 

The Need

As in every other aspect of life today, so it is in healthcare, people are expecting more and are looking for quantification and proof alongside engagement and entertainment, in every aspect of their lives. Old school physical therapy, with eyeballing for measurements and printed papers for exercise - will not do any more; cognitive assessment with paper written tests are not enough; pain management with painkillers in these days of extreme opioid epidemic will not do; driving to the clinic a few times a week for rehabilitation that can be done at home is lowering levels of adherence and an unquantifiable rehabilitation process keeps patients from sticking to it. These are just a few examples of some of the needs in the healthcare system, both on the clinician and on the patient end - that can all be addressed and solved with virtual reality.

This is where VRHealth comes in - solving problems like quantifying processes, gamifying rehabilitation process, telerehabilitation in a fully immersive environment, standardization of protocols and much more.

 

Pitch

Pitch

The Idea

 

VRHealth creates Medical & Wellness Applications using VR/AR technology.

The VRHealth Platform collects and analyzes user interactions with virtual objects and by using Artificial Intelligence (AI) cloud computing algorithms we deliver an enhanced experience and real-time data analytics, for use in clinics and at home, where users can analyze and quantify performance through a digital experience.

VRHealth is the first certified virtual reality medical company in the world and all its medical products are FDA authorized.

 

VRHealth medical applications are already out in the market, used both by paying customers as well as pilot partners and usability testing around the USA and in Israel. VRHealth releases new applications on a monthly basis.

Big Data analysis - VRHealth has developed an Analytics Portal - A data platform for health organizations, enabling patient and clinician analytics and providing a powerful data tool for decision making. This portal is a major part of VRHealth IP, bringing immediate benefit to our customers and partners - providing them with powerful analytics of their patients and their clinicians' performance, as well as opening a whole new revenue stream for VRHealth in the field of Big Data Analytics.

 

VRHealth applications to date

 

Screenshots from VRHealth Applications:

 

  • VRPhysio™ Aqua Clown - Range Of Motion assessment, a virtual physical therapist demonstrates the movements

 

  • VRPhysio™ Aqua Clown - Clinician user interface, customizing the patients' session according to their Range Of Motion assessment and treatment plan.

 

  • VRPhysio™ Aqua Clown - Inside the user experience, an engaging game leading the patient through specific movements

 

  • VRPhysio™ Aqua Clown - Detailed summary reports are generated for each training session

 

  • VRPhysio™ Balloon Blast - Range Of Motion assessment, a virtual physical therapist demonstrates the movements

 

  • VRPhysio™ Balloon Blast - Inside the user experience, an engaging game leading the patient through specific movements

 

  • VRPhysio™ Balloon Blast - Detailed summary reports are generated for each training session

 

  • VRPhysio™ Color Match - Clinician user interface, customize the application parameters according to the patient’s needs and treatment regimen

 

  • VRPhysio™ Color Match - Inside the user experience, an engaging game leading the patient through specific challenges

 

  • VRSway™ Beach Balance - Inside the user experience, leading the patient through specific challenges

 

  • VRSway™ Beach Balance - Detailed summary reports are generated for each training session

 

  • VRHealth Analytics Portal - Patient Analytics

 

  • VRHealth Analytics Portal - Patient Analytics

 

 

  • Analytics Portal - Clinic Analytics

 

  • VRHealth Analytics Portal - Statistical Analytics

 

The Technology

With 9 patents pending, VRHealth is leading the field of medical applications in virtual reality. We are among the first companies to ever have FDA registered VR/AR applications and we are the first certified VR Medical Company in the world (ISO: 13485).

 

VRHealth have partnered with the leading VR/AR manufacturers from around the world and is aiming to work with the newest and most advanced VR/AR equipment in this booming market on the verge of the emergence of the Standalone VR/AR Headsets -

 

Team

Team

Sagie Grunhaus
Head of VR | VRHealth Israel
Biography
Sagie is an ex Israel Air Force officer and award winner for innovation and excellence in product development, earned for his establishing of a cyber and technology branch in the IAF. He earned an MBA in Entrepreneurship and Social Leadership as well as a BA in Information Tech, both from Ben Gurion University of the Negev, in Israel.

  • Key Employee
Tal Arbel
Head of Data & AI | VRHealth Israel
Biography
Tal is an experienced product manager with more than 7 years of expertise in the development of advanced technologies, from characterization to the implementation phase, in collaboration with leading industries. Tal earned a BA in Information Technology Management and a division in Aeronautics and Technology from Ben-Gurion University and an MBA specializing in Finance and Risk Management from IDC.

  • Key Employee
Talia Keren
Chief Physical Therapist and Clinical Affairs | VRHealth USA
Biography
Talia has over 20 years of experience as a physical therapist and has served as a clinic director at Clalit Health Services, Israel‘s biggest health organization. Talia has also served as a PT clinical instructor and a lecturer and has experience in orthopedics, sports and group therapy. Talia was a member of an advisory board at Clalit Health Services for clinical trials in PT. Talia earned her B.PT and M.Sc.PT in Physical Therapy at Tel Aviv University.

  • Key Employee
Maya Bein-Nachal
VP Operations | VRHealth USA
Biography
A skilled executive with 10 years of experience in leadership roles in healthcare marketing & customer experience. Maya served as board member & regional director at Clalit Health Services, Israel’s biggest health organization. Specializes in strategic planning, marketing & communications, customer experience, project management & recruitment. Maya earned an MA in Public Policy from The Hebrew University of Jerusalem.

  • Key Employee
Shai Gabay-Angel
Head of Operations and QA Manager | VRHealth Israel
Biography
Shai has vast experience as a team leader and product manager which she attained during her military service as a Captain in the Israeli Intelligence Corps. Shai earned a B.Sc in Biotechnology and Food Engineering from the Technion (Summa cum laude), where she is currently an MBA candidate.

  • Key Employee
David Gabay
Chief Software Engineer
Biography
Dudu is a Software Engineer with an extensive experience working on large scale, multi-disciplinary and cutting edge technologies projects. During his career, he has spent over 14 years as a System and Software Engineer Officer at The Ground Forces Technology Division of the IDF. Prior to joining VR Health he has worked with several Israeli start-ups R&D teams in the fields of eCommerce Web-Applications, IoT and 3D Printing Software algorithms. Dudu holds a BSc. in Computer and Software Engineering from the Technion - Israel Institute of Technology.

  • Key Employee
Jaye E. Hefner
Chief of Medicine, Spaulding Rehabilitation Hospital, Boston
Biography
Dr. Hefner is a general internist currently serving as the Chief of Medicine at Spaulding Rehabilitation Hospital (SRH). She is the Chair of Quality and Patient Safety for Harvard Medical School’s (HMS) Department of Physical Medicine and Rehabilitation. Dr. Hefner is also an Associate Physician in Internal Medicine at Massachusetts General Hospital and an Instructor in Medicine at Harvard Medical School.

  • Advisor
Anat Achiron
Biography
Anat Achiron, MD, PhD, FAAN, is a full Professor of Neurology at the Sackler School of Medicine, Tel-Aviv University and the founder Director of the Multiple Sclerosis Center at the Sheba Medical Center, Tel-Hashomer, Israel, which combines holistic multidisciplinary approach targeted to the diagnosis, treatment and rehabilitation of patients with multiple sclerosis

  • Advisor
Jeremy Lewis
Prof.
Biography
Jeremy Lewis is a Consultant Physiotherapist and Professor of Musculoskeletal Research. He works clinically and academically and he has three Professorial appointments. He has been awarded a Fellowship of the Chartered Society of Physiotherapy, and has been acknowledged as an eminent clinician in his profession (UK DoH [Department of Health] National AHP Clinical Expert Database).

  • Advisor
Yair Zuk
Head of Product Marketing | VRHealth Israel
Biography
An ex-F16 Pilot Training Commander, Yair was a part of the IDF Spinal Cord Damage Prevention Program. Yair earned a BA in Information Technologies Management from Ben-Gurion University as well as an MBA in Technology, Innovation, and Entrepreneurship from Tel Aviv University.

  • Key Employee
Miki Levy
Co-Founder VRHealth Group | CEO VRHealth Israel
Biography
As an experienced officer in the Israeli Air Force, Miki was appointed to oversee the integration of a new trainer jet into the Israeli Air Force Academy, a project that involved state, military, and industry groups from partner nations. Miki earned a B.Sc in Chemical Engineering from Shenkar college of Engineering, Design and Art College in Ramat Gan, Israel.

  • Founder
  • Key Employee
  • Director
Eran Orr
Founder – VRHealth Group | CEO – VRHealth USA
Biography
After serving as an officer in the Israeli Air-Force for 12 years, Eran Orr gained extensive experience in the field of physical therapy, through prevention programs in industry. He previously served as Initiator and Coordinator of the IDF Spinal Cord Damage Prevention Program designed for air crew personnel. Eran earned a B.A. in Business Management, Government, and Politics and an MBA with a specialization in Entrepreneurship and Innovation from Ben Gurion University of the Negev, in Israel.

  • Founder
  • Chairman of the Board

Updates

Updates

Currently there are no updates in this pitch

The financing rounds, made through the ExitValley platform, are in accordance with a model of statutory exemption from publishing a prospectus pursuant to sections 15A(A)(1) and 15A(A)(7) of the Israeli Securities Law - 1968.
Under this model, the disclosure of detailed information on the company and information about the investment in each round of financing are limited to not more than 35 investors, who are not qualified investors, and the round of financing is not in the format of an offering arrangement ("רכז הצעה"), as defined in the Securities Law.
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