AppliedVR Raises $36 Million to Combat Chronic Pain Without Opioids

Keerthi Vedantam

Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.

AppliedVR Raises $36 Million to Combat Chronic Pain Without Opioids

When Matthew Stoudt co-founded AppliedVR in 2015, few were talking about using virtual reality as a way to treat pain.

Now, the Los Angeles-based startup is awaiting approval from the Food and Drug Administration for one of its signature products to manage chronic lower back pain through its VR platform, and aims to ease people off high doses of opioids.

AppliedVR got a boost this week, raising $36 million in Series B funding. Investors included health care-focused firms F-Prime Capital and JAZZ Venture Partners. The funds will go to hiring and moving the company's suite of VR products through the FDA pipeline.

But Stoudt has even broader ambitions.

"If we can get a device planted in every patient's home, then you can use that as a way to start dispensing a broader variety of immersive therapeutics," Stoudt said.

AppliedVR takes a rather unconventional but well-studied approach to pain that relies more on manipulating brain function rather than dulling the sensation of pain. Pain, like any other sensation, is simply a feeling the brain interprets as "painful."

By forcing the brain to experience other sensations, the painful feeling can be drowned out, or reduced.

"It can be used for anxiety or depression, for sleeplessness," he said "There are opportunities to use it as a tool for creating more powerful group therapy. It could be used as a communications device for a doctor to have a one on one consultation where the patient doesn't even need to leave the comfort of their home."

AppliedVR is the first company to receive an FDA Breakthrough Device Designation as a VR treatment therapeutic for treatment-resistant fibromyalgia and chronic intractable lower back pain. That's a key step in getting FDA approval and wider adoption among doctors and insurers. And it comes as a clutch of other companies look to VR to treat everything from lazy eye to Alzheimer's.

AppliedVR has used this pain reduction principle in a variety of applications: Cedars-Sinai Los Angeles used its now-shuttered VR labor device to reduce labor pains in pregnant patients successfully, opening the door for opportunities to give birth without pain medication.

Children's Hospital Los Angeles used AppliedVR to soothe young children while they were getting blood drawn, which could help children with chronic conditions develop a more positive relationship with the hospital and with treatment.

"The likelihood of virtual reality literally completely turning off pain receptors, especially to the degree that they're activated during labor, is probably unlikely," said Dr. Melissa Wong, maternal-fetal medicine specialist at Cedars-Sinai Los Angeles who led the study using AppliedVR's labor device. "But what people consistently said was that they knew the pain was there, it just didn't bother them as much."

The company has three VR platforms currently in the FDA pipeline: EaseVRx for people with chronic lower back pain, the opioid-sparing RelieVRx for those dealing with acute pain post-operation, and AnxietyVRx for people with generalized anxiety.

But Stoudt sees the future of AppliedVR as a "Pharmacy of VR", a term coined by Dr. Brennan Spiegel at Cedars-Sinai Los Angeles to mean a VR treatment or program for every illness or injury.

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Los Angeles’ Wage Growth Outpaced Inflation. Here’s What That Means for Tech Jobs

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to and find him on Twitter @Samsonamore.

Los Angeles’ Wage Growth Outpaced Inflation. Here’s What That Means for Tech Jobs

Inflation hit cities with tech-heavy workforces hard last year. Tech workers fortunate enough to avoid layoffs still found themselves confronting rising costs with little change in their pay.

Those national trends certainly touched down in Los Angeles, but new data from the Bureau of Labor Statistics (BLS) show that the city of angels was the only major metro area that saw its wage growth grow by nearly 6% while also outpacing the consumer price index, which was around 5%. Basically, LA was the only area where adjusted pay actually came out on a net positive.

So, what does this mean for tech workers in LA County?

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Energy Shares Wants to Offer You a Chance to Invest in Green Energy Startups

David Shultz

David Shultz reports on clean technology and electric vehicles, among other industries, for dot.LA. His writing has appeared in The Atlantic, Outside, Nautilus and many other publications.

Energy Shares Wants to Offer You a Chance to Invest in Green Energy Startups
Photo by Red Zeppelin on Unsplash

The Inflation Reduction Act contains almost $400 billion in funding for clean energy initiatives. There’s $250 billion for energy projects. $23 billion for transportation and EVs. $46 billion for environment. $21 billion for agriculture, and so on. With so much cash flowing into the sector, the possibilities for investment and growth are gigantic.

These investment opportunities, however, have typically been inaccessible for everyday retail investors until much later in a company’s development–after an IPO, usually. Meaning that the best returns are likely to be captured by banks and other institutions who have the capital and financing to invest large sums of money earlier in the process.

That’s where Pasadena-based Energy Shares comes in. The company wants to help democratize access to these investment opportunities and simultaneously give early-stage utility-scale energy projects another revenue stream.

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Why These Ukrainian Entrepreneurs Are Making LA Their Home

Aisha Counts
Aisha Counts is a business reporter covering the technology industry. She has written extensively about tech giants, emerging technologies, startups and venture capital. Before becoming a journalist she spent several years as a management consultant at Ernst & Young.
Why These Ukrainian Entrepreneurs Are Making LA Their Home
Joey Mota

Fleeing war and chasing new opportunities, more than a dozen Ukrainian entrepreneurs have landed in Los Angeles, finding an unexpected community in the city of dreams. These entrepreneurs have started companies that are collectively worth more than $300 million, in industries ranging from electric vehicle charging stations to audience monetization platforms to social networks.

Dot.LA spent an evening with this group of Ukrainian citizens, learning what it was like to build startups in Ukraine, to cope with the unimaginable fear of fleeing war, and to garner the resilience to rebuild.

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