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Augment Therapy

Extended Reality
Product stageSegments
Early
?
AR/VR platforms
?

Augment Therapy is a MedTech firm offering AR gamified rehabilitative healthcare programs, accessible on a smartphone or tablet. The company’s flagship platform ‘ARWell’ is marketed in two versions. ARWell Pro is offered to healthcare providers to prescribe to specific patients, while ARWell is accessible by all individuals without a prescription. 

The platform offers a library of gamified exercises (skiing, surfing, obstacle courses, yoga) in 3D worlds to improve strength, coordination, and endurance. User movements are automatically tracked through a full-body motion capture solution (leveraging existing hardware on a smartphone), backed by its proprietary ‘MOCAST’ technology. 

Healthcare providers can monitor patients' progress remotely through a therapist portal. Additionally, the company’s programs are designed by a team of physical therapists for evidence-based outcomes.

The company generates revenue on a subscription-basis.

Key customers and partnerships

In March 2023, the company announced a strategic pilot program with CareSource to provide its rehabilitation services in four partner locations in Ohio. 

Funding and financials

In November 2023, Augment Therapy raised USD 2.7 million in a seed plus funding round from BlueTree Capital Group, CareSource and other investors. Funds were earmarked to expand Augment Therapy's product line, improve research validation, and bolster market traction.

Previously, in May 2023, the company received a USD 1 million donation from CareSource to help ensure equitable access to its solutions.


Extended Reality

Extended Reality

Key stats
Featured companies
239
Total funding (USD)
13.6 Bn
Total addressable market (USD)
100.4 Bn
Key competitors
 
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Product Overview
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Company profile
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EDGE Insights

XR and MEP (Q4 2023): XR GenAI adoption accelerates alongside funding rebound

Recent Updates

Funding
Nov 20, 2023
AR MedTech firm Augment Therapy raises USD 2.7 million in seed plus funding to expand product line
Extended Reality

Company Brief


HQ location:
8584 East Washington Street Suite 128 Chagrin Falls OH USA
Founded year:
2017
Employees:
11-50
Total Funding:
USD 4.4 million
Last Funding
USD 1.0 million, May 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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