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    PartsTech, a Boston-based car component startup, bags $35 million

    PartsTech, a Boston-based car component startup, bags $35 million

    Gradiant raises $225 million in Series D, enters the unicorn club

    Gradiant raises $225 million in Series D, enters the unicorn club

    Ohmium, a green hydrogen startup closes $250 million Series C

    Ohmium, a green hydrogen startup closes $250 million Series C

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

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      PartsTech, a Boston-based car component startup, bags $35 million

      PartsTech, a Boston-based car component startup, bags $35 million

      Gradiant raises $225 million in Series D, enters the unicorn club

      Gradiant raises $225 million in Series D, enters the unicorn club

      Ohmium, a green hydrogen startup closes $250 million Series C

      Ohmium, a green hydrogen startup closes $250 million Series C

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

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      Looxid Labs wins CES 2022 Innovation Award in Health and Wellness

      USTechTimes Editor by USTechTimes Editor
      January 5, 2022
      Looxid Labs wins CES 2022 Innovation Award in Health and Wellness
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      Looxid Labs Inc. a Virtual Reality(VR) based proactive mental healthcare startup, announced that its product LUCY – VR cognitive health coach combined with biosignal interpretation – has earned a CES 2022 Innovation award in health and wellness category. In particular, it is meaningful for the company to receive this award four years after winning the CES 2018 best of innovation in VR/AR category.

      Looxid Labs has been recognized for its product ‘LUCY,’ a cognitive assessment and training system that uses AI and VR technologies to detect early signs of cognitive impairment, such as dementia and Alzheimer’s disease. LUCY has achieved outstanding recognition at the CES 2022 Innovation Awards in healthcare and wellness. It shares the accolade with global healthcare company Abbott’s ‘Freestyle Libre,’ a continuous blood glucose measurement (CGM) system.

      LUCY helps users to measure, self-track, and train their cognitive skills such as working memory, attention, and spatial perception by capturing and analyzing their behavioral and neurophysiological responses such as brain waves. Specifically, LUCY allows them access to cognitive acuity with insightful statistical indicators from a neuroscientific perspective as the older individuals play immersive cognitive games through its VR sensory headset.

      “With this award, LUCY is recognized as an innovative product that will lead the global health and wellness trend at CES 2022, where the most influential and ingenious consumer technologies are showcased,” said Brian Yongwook Chae, the CEO of Looxid Labs. “Crucially, by leveraging CES 2022 as a momentum, Looxid will open the door to launch a metaverse-based mental healthcare solution in the U.S. digital health market, which has been significantly accelerated by COVID-19 pandemic,” he added.

      Looxid Labs recently launched a visiting healthcare service called the “LUCY MOBILE” in South Korea, which allows people in residential areas to experience VR game-based cognitive health services; and provides preventative measures related to cognitive decline.

      Some of the key features of LUCY include:

      A VR-compatible brain sensor module

      A forehead-mounted foam pad with electrodes detects 24-bit EEG data at a fixed rate of 500 samples per second. The sensor precisely detects the user’s brainwave using 6-channel FPCB electrodes and an ear clip. The electrode surface is gold-plated for durability. The EEG signals collected from the dry electrodes passed IEC 60601-2-26, which is a standard for medical electrical equipment. The soft silicone material surrounding the electrode allows comfortable fit as well as durability.

      Cloud-based real-time data interpretation

      While seniors participate in a VR game, their behavioral and neurophysiological data is transferred to a cloud server and interpreted in real-time. Looxid’s proprietary algorithm in the cloud server automatically processes the combined time series data and analyzes the seniors’ cognitive function in real-time. Looxid’s cloud server using an API (application programming interface), generates an analysis report which is then transmitted to the pre-registered web with any mobile or tablet.

      Related Posts

      • Looxid Labs to Unveil Cognitive Care Solution 'LUCY' at Facebook Accelerator Seoul Demo Day

        Korean startup Looxid Labs Inc, will unveil 'LUCY' - a cognitive care solution founded in…

      • Guardant Health invests $26 million in health-tech startup Lunit

        Californian biotechnology company Guardant Health has made a strategic investment of $26 million in South…

      • U.S. gets its first unicorn women health startup with Maven Clinic

        Maven Clinic, a woman healthcare startup based in New York, raised funds for further expansions.…

      Tags: CES 2022Innovation AwardLooxid LabsLUCYMental Health startup
      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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