Virtual Reality Startup Raises $29 Million To Help With Chronic Pain

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Virtual Reality Startup Raises $29 Million To Help With Chronic Pain
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“I thought we could use virtual reality as a powerful tool to truly change the way we think about pain management in America,” said Matthew Stoudt, co-founder, AppliedVR.

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During their therapy sessions, the patients are provided with a variety of different experiences, including showing them animations of body organs, exploring their breathing patterns, simulating a visit to mountains or gardens and into underwater surroundings of dolphins. Stoudt says these sessions help patients to manage the pain even when the headsets are off.

These results, as well as the findings from its other studies, have proven to be a major attraction to investors “They have compelling data and clinical results,” says Jon Lim, Partner, F-Prime Capital, one of the leading series A investors.

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