Mind Palace

What Mind Palace does

Mind Palace is a Singapore-based, privately held company founded in 2018 that builds virtual reality experiences for long-stay residents of nursing homes and eldercare facilities, with a particular focus on immobile residents. Its product virtually transports users to personally familiar places — their old homes, neighborhoods, or scenes incorporating family members — to provide cognitive stimulation, social connection, and an expanded sense of physical boundaries. The company positions itself against wearable VR goggles by instead converting entire rooms into immersive interactive environments, with interaction handled through contactless motion sensors, a design choice driven by both usability for elderly users and infection-control considerations.

The underlying technology stack is VR-centric rather than AI-centric: customized VR scenes, motion sensors, and full-room projection/environment construction tailored to elderly cognition and motor function. The product offering is a single core product, "Virtual Reality for Elderly," delivered together with the Immersive Rooms deployment model. To date, Mind Palace reports having conducted over 500 trials and built three permanent immersive rooms at named Singapore institutions: NTUC Health, Ling Kwang Home, Kwong Wai Shiu Hospital, and Society for the Aged Sick. Media coverage in Straits Times, 938now and Vice provides third-party validation.

Mind Palace monetizes through project-based installation services: it runs trials at facilities, demonstrates outcomes, and then converts successful pilots into permanent immersive room installations under direct enterprise sales to eldercare providers and hospitals. Pricing is not publicly disclosed. The go-to-market is concentrated in Singapore within the institutional eldercare and hospital verticals, with no disclosed expansion into adjacent geographies, consumer channels, or recurring SaaS-style contracts. The company operates with a small team of 1–10 employees and has not disclosed any external funding to date.

Name

Mind Palace

Legal name

Mind Palace

Website

https://mindpalacevr.org

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Mind Palace is a Singapore-based company that builds immersive VR rooms for long-stay nursing home and hospital residents, virtually transporting them to familiar places using contactless motion sensor technology to address social isolation and immobility.

Ownership category

akta.pro rank

Product category

Immersive VR Eldercare

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331)

SIC

Services-Nursing & Personal Care Facilities (8050)

akta.pro primary industry

Memory Care Units within Assisted Living Communities (HLADACAB)

Keywords

• Virtual reality eldercare
• Immersive therapy rooms
• Nursing home VR experiences
• Contactless motion sensor wellness
• Dementia VR solutions

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. VR Installation Services: Mind Palace generates revenue through the installation of permanent immersive VR rooms at eldercare facilities. The company conducts trials to demonstrate value before converting to permanent installations. Revenue appears to be project-based installation fees for building custom immersive environments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Mind Palace designs and deploys customized virtual reality experiences and full-room immersive environments for long-stay nursing home residents, including those who are immobile. Instead of wearable VR goggles, the company converts entire rooms into interactive environments and uses contactless motion sensors to enable fitness, meditative, and reminiscence-based VR scenes featuring familiar places and family members.

Product overview

Mind Palace offers a single unified VR-based product for elderly care. The core offering is Virtual Reality for Elderly, which uses customized VR technology to virtually transport nursing home residents to familiar places. This is complemented by Immersive Rooms, which serve as an alternative to wearable VR goggles by converting entire rooms into immersive interactive environments where interaction is done via motion sensors and is contactless.

Differentiator

Problem solved

Functional benefit

Products and services

• Virtual Reality for Elderly Customized VR technology that virtually transports long-stay nursing home residents, including those who are immobile, to familiar places such as their old homes or neighborhoods, keeping their minds and bodies engaged. Used by eldercare facilities to address cognitive decline and social isolation.
• Immersive Rooms Permanent immersive room installations at eldercare facilities as an alternative to wearable VR goggles, featuring contactless motion-sensor interaction for fitness and meditative experiences. Built for NTUC Health, Ling Kwang Home, Kwong Wai Shiu Hospital, and Society for the Aged Sick.

Quantifiable outcome

• Over 500 trials conducted at eldercare facilities demonstrating the effectiveness of VR experiences for elderly residents

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• NTUC HealthcoreStrategic or Co-development PartnerMind Palace has built a permanent immersive VR room at NTUC Health's eldercare facility. This partnership represents a core deployment of their technology at a major Singapore eldercare provider, demonstrating the viability of their VR solution for elderly residents.
• Ling Kwang HomecoreStrategic or Co-development PartnerMind Palace has installed a permanent immersive VR room at Ling Kwang Home. This facility serves as both a customer and demonstration site for the VR technology's effectiveness with elderly residents.
• Kwong Wai Shiu HospitalcoreStrategic or Co-development PartnerMind Palace has established a permanent immersive VR installation at Kwong Wai Shiu Hospital, extending their technology deployment beyond nursing homes into hospital settings for elderly patients.
• Society for the Aged SickcoreStrategic or Co-development PartnerMind Palace has installed a permanent immersive VR room at Society for the Aged Sick, demonstrating their technology deployment across multiple eldercare organizations in Singapore.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• MyndVR: Provides VR therapy and immersive content specifically designed for older adults in senior living, home care, and healthcare settings. Closely comparable to Mind Palace in target customer, use case (engagement/cognitive stimulation), and delivery model.
• Embodied Labs: Develops immersive VR experiences focused on aging-related perspectives, including dementia and end-of-life experiences. While its primary use case is caregiver training, it overlaps with Mind Palace in VR-driven aging-related content and eldercare audiences.
• Rendever: US-based company providing shared VR experiences for seniors living in communities and nursing homes. It is the most direct competitor to Mind Palace, addressing social isolation and cognitive engagement among elderly residents via immersive content.

Others

• XRHealth: Operates VR-based telehealth clinics covering rehabilitation, cognitive training, and pain management. Overlaps with Mind Palace in VR-for-elderly use cases such as cognitive training, though delivered via headset rather than immersive rooms.
• AppliedVR: Therapeutic VR platform used in hospitals and clinics for pain and anxiety management. Comparable to Mind Palace in delivering VR experiences into healthcare settings, though addressing acute clinical indications rather than long-stay elder engagement.
• BehaVR: Develops VR-based digital therapeutics for behavioral health, chronic pain, and wellness. Adjacent to Mind Palace in its use of immersive VR for therapeutic outcomes, though focused on clinical populations rather than elderly engagement.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Mind-Palace-403720836836672
• Instagraminstagram.com/mindpalacevr
• LinkedInlinkedin.com/company/mindpalacevr

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mind Palace