“I am excited about the possibilities of MindMaze’s technology," DiCaprio said

Leonardo DiCaprio is investing in the future.

The Oscar-winning actor and environmentalist is joining MindMaze, a company developing cutting-edge virtual and augmented reality technology, as an advisor and investor, PEOPLE can reveal.

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“MindMaze technology has already impacted the lives of many people, and it is poised to define the way we will experience and create content in the future,” said DiCaprio. “I am excited about the possibilities of MindMaze’s technology, especially for its potential to be a driving force in media and entertainment in the years to come.”

MindMaze focuses on bringing “next-generation mind-machine interactions through neuro-virtual and augmented reality technology,” according to statement from the company, which officially unveiled DiCaprio’s partnership on Friday.

“By enabling real time integration of signals from the brain with the environment through multiple technologies, MindMaze is bringing these innovations to market across multiple industries, including healthcare and now entertainment and media,” explained the company.

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“We are already seeing immense potential for the application of our technology outside of healthcare, specifically in entertainment, sports and social VR,” said Dr. Tej Tadi, CEO and founder of MindMaze. “As we continue to gain traction in these industries, the addition of Leo to our advisory board is a vote of confidence in our technology and road map for ushering in a new age of interaction between humans and machines.”