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Thursday, Feb 9, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Technology

Rendever acquires Alcove to extend VR social networking for seniors

The goal is to amplify human connections through an integrated platform

Rendever launches VR social network for seniors to combat isolation
Photo via Alcove

A Boston-based company Rendever has acquired a virtual reality company to provide a better aging experience to seniors worldwide.

The company announced Thursday that its acquiring Alcove which is a popular consumer VR platform that families can use to interact with loved ones, play games, explore new areas and share time together no matter the distance.

Rendever engineers have been co-developing Alcove with the tech company AARP since 2020. The company wants to amplify its reach and integrate a wider range of products for its senior clients.

Rendever’s goal is to improve human connections through an integrated platform that supports a positive aging experience in seniors worldwide. It wants to have a positive impact on the health and happiness of those above 50 by overcoming social isolation and reducing loneliness using virtual reality.

According to the company, isolation and loneliness are worse for health than smoking where prolonged isolation can cause as much harm as smoking 15 cigarettes per day.

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“With Alcove, anybody can get a taste of the Rendever experience from the comfort of their home, downloaded at a moment’s notice through the Quest store. Creating Alcove with AARP allowed us to bring more joy to the world’s aging population, and we’re excited to carry on that mission even more hands-on,” said Rendever CEO and co-founder Kyle Rand.

Rand added that the future of aging relies on purposeful technology and they see Alcove as a critical extension of the company’s future.

“A well-designed metaverse strengthens relationships, builds communities, and gives us the means to immerse ourselves in new experiences. The opportunities Alcove presents to families at home are limitless, and we can’t wait to start delivering – the roadmap we have planned is thrilling,” Rand explained

Rendever is being used by high-profile senior living operators including Revera, Benchmark, and Oakmont, healthcare systems such as UCHealth and Baptist Memorial Health Care, has research funded by the National Institutes of Health and has commercial partnerships with major organizations like AARP and Verizon.

 

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