Wednesday, March 24, 2021

AppliedVR Gets $29M To Treat Chronic Pain With VR

Los Angeles-based AppliedVR, a developer of virtual reality software to treat chronic pain, has raised $29M in its Series A funding. The funding came from F-Prime Capital, JAZZ Venture Partners, Sway Ventures, GSR Ventures, Magnetic Ventures and Cedars-Sinai. According to AppliedVR said it will use the new funding to pursue FDA approval and prepare for market paunch. The company said it has now raised a total of $35M. The company said its virtual reality devices are being used for treatment-resistant fibromyalgia and chronic intractable lower back pain. The startup is led by Matthew Stoudt, co-founder and CEO.

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