Ladies and gentlemen, please meet LUCY.
South Korean startup Looxid Labs Inc. unveiled a biotechnology-powered cognitive care solution at the recently concluded Facebook Accelerator Seoul Demo Day.
Developed for an ageing population, LUCY is a powerful virtual-reality (VR) ‘brain training’ tool for people aged 50 and older. It is designed to help improve cognitive function like attention, memory, and perception, by capturing and interpreting behavioral and neurophysiological responses during use.
Using AI in the healthcare market is a growing trend, expected to grow at a 39.4 per cent CAGR to over $10 billion by 2024. Tapping into this, Looxid Labs uses VR content to track and improve users cognitive function, eye tracking to monitor saccadic movements, and EEG to understand digital biomarkers such as Alpha-beta rhythms.
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The product is both portable and easy-to-use, and runs on artificial intelligence (AI) and cloud-based technology. LUCY comes complete with a wireless VR headset to fully immerse the user in the experience, including EGG sensors to monitor brain activity. This allows the software to adapt and develop to each individual user. It also provides a full health report for users.
“It can help users feel connected with the world around them and feel less isolated. It also helps to improve overall cognitive health too,” said Brian Yongwook Chae, CEO of Looxid Labs.
LUCY aims to help connect seniors through a number of forms, including games and learning-based tasks. The self-assessment style programme even makes suggestions on how users can improve their core cognitive skills.
“Crucially, the technology can be used by an individual in their home, or as part of a larger community – such as retirement and care homes.” said Chae. “We’re excited to unveil this next-level technology at Facebook Accelerator Seoul, prior to its anticipated launch in mid-2021.”
Some of the key features of LUCY, include:
Optimizes biometric data
The most VR-compatible brain sensor module enables the VR headset to be more than just a gaming device. The innovative software integrates brainwaves and eye movement collected from the VR headset and then transmits to a cloud platform, which can be shared with the end-user, providing valuable insight.
Multi-modal interaction
The software monitors user actions with the biometric data, interpreted in real-time. This allows caregivers to access and manage the status of the user and chart their progress.
Synchronized cloud analytics
Data is automatically transferred to a cloud and shared across all platforms instantaneously. This allows information to be analyzed in real-time, for rich insights. These can be accessed by caregivers and individuals, via a downloadable health report.
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“Our passion and belief is that LUCY will better the lives of those in their senior years,” said Chae. “We use the very latest AI technology to drive cognitive assessment and training tools for seniors.”
To learn more about Looxid Labs, please visit their official website here. They are also on Facebook and on YouTube.
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