Tag: virtual reality

How virtual reality is implemented in medicine, and more [OurCrowd Newsletter]

Virtual reality is implemented in medicine and Summit 2018 registration opens up! Read up on these news items and more below. Start getting this weekly newsletter via email: Subscribe now WSJ: Virtual reality being used in industries from construction to medicine to train for risky jobs The use of virtual reality is spreading especially quickly through medicine. VR 3-D modeling of the brain developed by OurCrowd portfolio company, Surgical Theater, is already being used for planning and practicing neurosurgeries in hospitals at New York University, University Hospitals in Cleveland and Mount Sinai among others. Read more. OurCrowd & Portfolio Companies in the News Freightos featured in Air Cargo News mPrest featured in Computer World BriefCam featured in American Security Today   Mobileye posts 66% jump in Q1 revenue Revenue went from $75.2 million in the first quarter of 2016 to $124.7 million in the first quarter of this year. Read more. Save the Date: OurCrowd Global Investor Summit 2018 This year’s Summit will take place on Thursday, February 1st, 2018. Super-early registration just opened so save your spot. Register now. NAB private banking in alliance with Israel’s...

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[Surgical Theater in Huffington Post] Is the timing right for VR in healthcare?

Tech giant Intel believe we might be in a similar situation with regards to virtual reality. Whilst the library of content is gradually growing, the hardware to provide smooth, realistic virtual reality is now here. Indeed, so convinced are Intel of the potential of VR that they have teamed up with Surgical Theater to offer virtual reality services to surgeons via their Precision VR platform. Read more on Huffington Post...

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6 trends that will shape the tech industry in 2017

This is a featured post by OurCrowd Partner and Head of Investments Elan Zivotofsky.  Is 2017 just another year to watch for tech innovation? The answer is, of course, yes. But there are specific sectors we are watching more closely as entrepreneurs leverage the power of new computing paradigms and the advent of true artificial intelligence. Reflecting on the past year and looking forward to the year ahead, here are some thoughts about the trends that will shape the technology industry, and by extension, the world in 2017. 1. Artificial Intelligence and Machine Learning are going mainstream In 2016, you probably heard Artificial Intelligence (AI) and Machine Learning (ML) as buzz words. The New York Times recently featured “the great A. I. awakening”. Until recently, the practical uses of AI and ML have been quite specialized and limited, due to the need for large amounts of expensive computing power, storage and large sets of unique data. Now, AI – driven by a unique way of “teaching” computers called Deep Learning – will be much more broadly utilized across a...

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Reality check! Mapping the Israeli VR and AR startup landscape [Infographic]

‘Computer-simulated reality’, ‘immersive media’, whatever you call virtual reality (VR) and augmented reality (AR), the artificial multisensory experience its technology offers is only getting better with each passing year. Goldman Sachs estimates that the size of the overall VR, AR market will be anywhere between $23 billion to $183 billion by 2025. (source) For more than a decade, we’ve seen advances in VR and AR tech applied to military training, urban design, video games, and other home entertainment. As VCs and analysts try to asses the maturity of the VR and AR markets in terms of technology, cost, and use, optimists are betting on 2016 being a defining year for the industry. And how is Israel faring in the midst of all this VR-AR innovation? Since 2014, VC investments in VR and AR have amounted to $2.56 billion globally (including the $1.4 billion investment in Magic Leap and excluding the more than $2 billion Oculus deal). Over the same period, we estimate that somewhere around $120-$170 million was invested in Israel in the area of VR and AR. (source) Principals at Carmel Ventures and...

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Intel hitting it out of the park, acquires OurCrowd’s portfolio company Replay Technologies

Game. Set. Match. We’re excited to share that earlier today Intel announced its acquisition of OurCrowd’s portfolio company, Replay Technologies. We are delighted with today’s news about the Intel acquisition of Replay Technology. This is good news for Replay and its investors and for Intel. We believe that together Replay and Intel will create even more excitement in the fast growing area of sports technology.” ~ OurCrowd Founder & CEO, Jon Medved Back in January, at CES 2016, Intel had announced several sports-oriented collaborations, including Replay Technologies, as a testament to the company’s growing interest in the digitization of sports. Intel states that it is especially excited about how data is re-inventing the way people consume and interact with sports media. Now, Intel is taking the next step in its collaboration with Replay Technologies, stating that: Together, we will scale this new category for sports entertainment that we call immersive sports, which is attracting the attention of leagues, venues, broadcasters and fans. Immersive sports requires the high-performance computing Intel is known for, and it’s also data driven – fueling the continued build out...

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