Forget Opioids, Virtual Reality Could Be the Future of Pain Management

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.

Forget Opioids, Virtual Reality Could Be the Future of Pain Management

It's hard to overstate just how painful a process treating burn victims is – for burn victims, air itself is excruciatingly painful. They have to undergo weeks of undressing wounds, cleaning the tender skin of debris, slathering the area with ointment, and redressing it with new bandages, and it is considered one of the most physically painful treatments in medicine. To combat this, most patients rely on consistent and heavy opioid usage.


But in 2008, University of Washington researchers published the first study of its kind using virtual reality (VR) to mitigate the use of the highly-addictive drugs. The researchers replaced the clinical hospital setting with a computer-generated snowtopia where patients could throw snowballs with penguins and snowmen through a VR headset as doctors washed the treatment area. It worked, and the study concluded that VR could replace part of an opioid dose.

A decade later, VR medicine has taken off, spawning a clutch of companies and a new field of study for what is considered one of the most promising and powerful noninvasive tools to treat pain. It's now a growing part of an $885.7 million VR health care industry.

In the eyes of Jeffrey I. Gold, a pain management doctor at the Children's Hospital Los Angeles, it's the future of medicine, as virtual reality has the potential of eliminating the need for billions of dollars worth of drugs.

If Gold is right, as researchers are increasingly finding, this could have a ripple effect across the healthcare industry eventually lowering health care costs as patients rely less on drugs to offset pain.

"That's really where VR needs to go, is into the place where you can start reducing the need for certain types of medicines that may have side effects." Gold said.

How VR Works to Mitigate Pain

Conventional pain management techniques rely on distractions like blowing bubbles with younger patients or administering pain relievers or sedation. Unlike those, VR has the unique ability to manipulate how the brain processes pain by engaging the senses with powerful immersive experiences.

Gold published a study looking at how VR impacted pain in children. Researchers gave children aged 12 to 17 who were getting blood drawn VR headsets and instructed them to play a game made specifically to soothe pain. Once they put on the set, health care workers drew blood.

They then compared the experience to children who were given traditional distraction methods like bubbles or reading a book, and soothing techniques.

The study found children who used VR during their procedures felt less pain and anxiety than children who didn't.

"People always talk about, 'you're just distracting the kid like, 'hey, look over here'.' Well, that's not what we're doing," Gold said. "It's a little bit more involved with regards to immersion, presence, something we call cognitive load."

One way to think about pain is like an "alarm" the brain sets off. VR directs the brain to set off more relaxing "sounds" in the form of a visual and audible world that forces the senses to experience something else. This drowns out that "alarm" created by the pain. The brain, effectively, does not register the needle placement as as painful as it would be without VR.

The study confirmed what researchers have been seeing for years. But what excited Gold was its potential for children: By making procedures more engaging and less painful, children with chronic conditions may become less fearful about treating their condition, he said.

"For a child to have a positive experience on a routine procedure, that can be a game changer for that kid."

Other researchers looking at the use of VR are finding that not only does the technology engage the patient's senses, but in some cases it can act as a support network, much like a family. Another study by Cedars-Sinai Los Angeles used VR to assist women going into labor with painful contractions. Researchers put a headset on women in labor showing them soothing animated scenes of nature that pulsated, almost as if the elements were breathing. A calm voice used words of encouragement to help the mother through contractions.

Women who used the VR reported lower levels of pain and anxiety, much like the children.

"What I think was so impactful about this particular intervention, actually, is that what they were hearing was very much the same things ... you might hear from a doula" said Dr. Melissa Wong, maternal-fetal medicine specialist at Cedars-Sinai Los Angeles who led the study.

'A Pharmacy of VR'

Wong's study at Cedars-Sinai indicated VR could be an alternative to epidurals or nitrous oxide – two common pain management solutions used during labor. But, even more than that, it pointed to a slew of history that shows pain is not just an acute or chronic sensation in the body that causes your brain to raise alarm, it's also the environment around you.

Wong said one of the strongest indicators of whether or not patients ask for epidurals during labor is whether or not they have a birth support person in the form of a partner, family member or doula. Patients that don't are more likely to need an epidural.

"So it's suggesting, again, that [pain] is sort of the entire way in which everything is being approached, rather than just literally the pain fibers," said Wong.

In other words, pain isn't simply a feeling. It is also a patient's support system, surroundings and mental fitness. By taking patients out of a clinical hospital setting of linoleum floors and wheeling carts and into a magical virtual world that has its own soundscapes and therapeutic guides, their pain can appear to be far less than what it might be.

Brennan Spiegel, a doctor at Cedars-Sinai Los Angeles who oversees virtual reality programs, coined "a pharmacy of VR" -- the idea that VR therapies should be created to help specific situations, like going through labor, dressing a burn wound, undergoing chemotherapy or having an anxiety attack.

But the industry is still young and many of the devices have yet to gain full Food and Drug Administration approval. Still, there's growing demand.

Companies Are Getting Involved

Companies like seven-year-old Alameda-based KindVR are using virtual reality programs to soothe pediatric patients before an MRI and calm them before an operation. XRHealth, a five-year-old company based in Massachusetts, offers a host of applications designed to treat physical immobility and mental health.

And the six-year-old Los Angeles-based AppliedVR developed a suite of VR-based "video games" meant to soothe anxiety for veterans and treat acute pain for people giving birth and burn victims. The company has raised around $34 million to date, the most any startup in the chronic pain market has raised, and valued at over $67 million, according to Pitchbook.

Following the idea of a 'pharmacy for VR', AppliedVR has two opioid-sparing treatments -- one for patients to use to help with acute pain, and one for chronic pain. The effects of chronic pain are often long lasting stress and a feat of moving, which is why the company incorporates cognitive behavioral therapy into the treatment.

Their chronic pain product is EaseVRx, a VR device used in an eight-week program that takes patients through different educational and training modules to explain to them how stress can affect pain, how they can avoid stress, and how to utilize breathing and acceptance-based therapy to reduce pain long after taking off the VR headset.

Laura Garcia, director of research, design and product innovation at AppliedVR said the company found that patients are able to utilize the benefits of VR up to six months after taking off the headset.

"While you're in the headset, you're able to learn your skill sets and change your brain so that you're able to cope with the pain differently," she said. "So imagine having a pill that gives you benefits and relieves [pain] for the time that you use the pill for, but also six months after."

Correction: An earlier version of this misidentified EaseVRx and misstated the length of its VR training program.

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From Uber to Atoms: Travis Kalanick’s $1.7 Billion Return

🔦 Spotlight

Hello LA,

Nine years after his turbulent exit from Uber, Travis Kalanick is back with a new company, an enormous war chest and, apparently, some unfinished business.

Los Angeles-based Atoms announced this week that it has secured a $1.7 billion equity investment led by Andreessen Horowitz, with a16z cofounder Ben Horowitz joining its board. Bain Capital, Fifth Wall, Uber and several other investors participated, while a roster of major banks, including Goldman Sachs, JPMorgan and Bank of America, are listed as debt partners.

Yes, Uber itself is now backing the comeback of its famously ousted cofounder. Silicon Valley may preach disruption, but it has always appreciated a good redemption arc.

Atoms is the culmination of the company Kalanick has spent the past eight years building largely out of public view. Formerly known as City Storage Systems, the parent company behind CloudKitchens, it is now bringing its businesses together under one ambitious umbrella: Atoms Food, Atoms Mining and Atoms Transport.

The premise is that AI’s next major frontier will not be confined to screens, chatbots or software. Atoms wants to build what Kalanick calls a “computer for the physical world,” using software, sensors, robotics and AI to automate how physical goods are produced, stored and moved.

That means tackling decidedly unglamorous but enormous industries such as mining, construction, food production and heavy transportation. Rather than betting on humanoid robots that can theoretically do everything, Atoms is focused on specialized machines designed to perform specific, economically useful jobs.

In other words, the robot does not need a face. It needs a business model.

For a16z, the investment is as much a bet on Kalanick as it is on industrial AI. In an essay bluntly titled “Travis Is Back,” Horowitz argues that Kalanick possesses the rare mix of technical range, endurance and sheer force of will required to drag old-line industries into a new technological era. The firm’s broader thesis is that robotics will eventually handle much of the repetitive work involved in making, moving and storing physical goods, creating a market potentially as consequential as computing itself.

There is also some history being settled. Kalanick, Horowitz and Marc Andreessen nearly partnered during Uber’s early days but never completed the deal. In a new conversation about Atoms, Kalanick and Horowitz revisit that missed opportunity and the long road that brought them back together. Sixteen years later, the check is considerably larger.

The scale of the investment is remarkable, but so is its location. Atoms is headquartered in Los Angeles, giving the city a front-row seat to one of tech’s boldest industrial AI bets. It also reinforces something increasingly evident across LA’s startup ecosystem: the next era of AI will not only be written in code. It will be built in kitchens, warehouses, mines, vehicles and factories.

Whether Atoms becomes the operating system for the physical world or simply proves that even $1.7 billion cannot make atoms behave like bits remains to be seen. But Kalanick is taking another enormous swing, and this time, Los Angeles is where the comeback story begins.

More from this week’s LA startup and venture scene below.

🤝 Venture Deals

    LA Companies

    • Hawthorne-based Andrenam raised an $18M Series A led by Upfront Ventures, with participation from Valor Equity Partners, Also Capital, First Round Capital and Long Journey Ventures, bringing its total funding to $30M. The maritime defense startup will use the capital to scale production of its sonar-equipped buoys and expand its AI-powered platform for detecting and tracking underwater activity. - learn more
    • Long Beach-based Bluecore Energy emerged from stealth with approximately $10M in oversubscribed financing led by Slauson & Co., with participation from Harlem Capital, Precursor Ventures, Hartbeat Ventures and others. The company is developing small modular nuclear reactors that can operate aboard floating barges and deliver zero-emission power to ports, data centers and other critical infrastructure. - learn more
    • Vikk AI raised $4.2M across a $700K pre-seed and $3.5M seed round, with backing from MagnaSci Ventures and several angel investors. The legal AI startup will use the funding to expand its consumer assistant, document tools and advertising platform that connects users with lawyers based on their needs and location. - learn more
    • Final Boss Sour raised $4M in strategic funding from Evolution VC Partners, The Angel Group, Mondelēz International’s SnackFutures Ventures and others, bringing its total funding to $12M. The gaming-inspired real-fruit snack brand will use the capital to expand into major retailers, including Walmart, Kroger, Target and 7-Eleven, while developing new products and collaborations. - learn more

    LA Venture Funds
    • Overture Ventures participated in Fluxco’s $26M seed round, led by 8VC and Congruent Ventures, alongside Trust Ventures, Koch Disruptive Technologies and others. The Austin startup uses AI to help companies source electrical transformers from more than 150 manufacturers, reducing a procurement process that can take months to just days. - learn more
    • Alexandria Venture Investments and Wedbush Healthcare Partners participated as returning investors in Crystalys Therapeutics’ oversubscribed $130M Series B, which was led by Frazier Life Sciences. The San Diego biotech will use the funding to advance Phase 3 trials and commercialization preparations for dotinurad, its once-daily oral treatment for gout. - learn more
    • Rebel Fund participated in Klaimee’s $5.5M seed round, led by FundersClub’s Alexander Mittal and backed by ex/ante, Pioneer Fund, Y Combinator and others. The San Francisco insurtech startup certifies and insures autonomous AI agents, helping businesses manage financial and liability risks that traditional cyber and technology policies may not cover. - learn more
    • M13 participated in Skyfall AI’s undisclosed funding round alongside Fidelity, Inovia Capital, Touring Capital, NextView Ventures and Garage Capital. Founded by former Microsoft researchers, the San Francisco startup is developing AI systems capable of making long-term decisions across finance, operations, marketing and other business functions, with the goal of building an autonomous enterprise. - learn more
    • Interlagos Capital led Beyond Reach Labs’ $10M seed round, with participation from TerraForge Capital, Off-Piste Capital, Y Combinator and Augur VC. The startup will use the funding to scale production of its deployable solar-array hardware for satellites at a new 16,000-square-foot facility in Brooklyn, with plans to achieve flight qualification by the end of 2026. - learn more

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      LA’s New Defense Startup Comes Out Swinging

      🔦 Spotlight

      Happy Friday LA,

      A new defense startup just emerged from stealth with one of the week’s biggest funding rounds and a mission built for the realities of modern warfare.

      Los Angeles-based Singularity raised an oversubscribed $80M Series A at a $400M valuation to develop low-cost air defense systems at scale. Khosla Ventures and Felicis led the round, with participation from AE Ventures, NEA, Long Journey, Harpoon, Menlo Ventures, Y Combinator and others.

      The company is targeting an increasingly lopsided problem: inexpensive drones and munitions can be produced quickly and deployed in large numbers, while the systems used to intercept them are often costly and difficult to manufacture at comparable scale.

      Singularity’s answer is to borrow from the automotive industry. Its manufacturing team, which includes talent from Tesla and Toyota, is building an assembly line designed to rapidly produce interceptors, while developing the hardware and software in-house. The broader team also includes veterans of SpaceX, Anduril and Lockheed Martin, along with military operators who have deployed air defense systems in combat.

      The company is already conducting multiple flight tests each month. Now it has $80M to prove that air defense can be manufactured more like cars and less like traditional military hardware.

      Whatnot Wants AI to Find Your Next Obsession

      The thrill of Whatnot is not always finding what you came for. It is stumbling into a live show and discovering something you suddenly need to own.

      Now the Marina del Rey-based marketplace is investing in AI to make those moments happen more often.

      Whatnot acquired Shaped, a machine-learning startup that builds real-time recommendation and search systems. Financial terms were not disclosed.

      Shaped founder and CEO Tullie Murrell and nearly a dozen engineers and researchers will join Whatnot, where Murrell will create and lead a new applied AI research group focused initially on discovery and personalization.

      The acquisition comes as Whatnot’s marketplace becomes much larger and more complicated. The company launched more than 35 new categories last year and over 45 during the first half of 2026. Cross-category purchasing is also up 170% year over year, suggesting users are increasingly willing to venture beyond the products that first brought them to the platform.

      Unlike a traditional online store, Whatnot’s inventory shifts constantly as sellers start and end live shows. That makes recommending the right product or stream in real time a particularly difficult AI problem.

      Whatnot is betting Shaped can help solve it. Because the longer shoppers keep discovering new interests, sellers and communities, the less likely they are to close the app.

      More from this week’s LA startup and venture scene below.

      🤝 Venture Deals

        LA Companies

        • Senra Systems raised a $65M Series B co-led by Lowercarbon Capital and Interlagos, with participation from CIV and several other investors, bringing its total funding to more than $112M. The aerospace and defense manufacturer will use the capital to expand production of its software-enabled wire harnesses and open a third factory, following a recent expansion expected to increase monthly output from 1,000 harnesses to 10,000 by next year. - learn more
        • Intrinsic Power announced the first close of its seed round, with backing from Kyocera Ventures, Drive Catalyst, Boost VC and RPV Global; the company did not disclose the amount raised. The funding will support product development, engineering hires and customer deployments as Intrinsic commercializes its AI-powered platform for optimizing electricity use across commercial buildings, critical infrastructure and data centers. - learn more
        • Pasadena-based Linker Finance raised an additional $5M in seed funding, bringing its total seed financing to $8.7M. Existing investors Chingona Ventures, Ten One Ten Ventures, Audaz Capital and Angeles Investors returned for the round, alongside new strategic investor 22nd State Banking Company, with the funding earmarked for product development, agentic AI and expanded payment capabilities. - learn more
        • Corner Health raised $32.5M across seed and Series A financing, with its latest round led by Oak HC/FT and participation from First Round Capital and Zigg Capital. The company, which helps nurse practitioners launch independent primary care practices using an AI-powered operating platform, will use the funding to expand its team, improve its technology and enter additional states. - learn more
        • Cognify Health raised a multimillion-dollar seed round led by Game Changers Ventures, with participation from Westbound Equity and several individual investors. The company, which provides youth athletes with virtual concussion care within 24 hours, will use the funding to grow its team and enhance its platform and medical services. - learn more

        LA Venture Funds
        • Act One Ventures participated in logcat.ai’s $2.55M pre-seed round, which was led by Founders’ Co-op and included TheFounderVC, Shorewind Capital, Clayoquot Capital and Alumni Ventures. The startup is building an AI platform that helps engineering teams diagnose and fix complex software issues across Android and Linux-powered devices, including phones, vehicles and robots. - learn more
        • Plus Capital participated in Fora’s $60M Series D, which was led by Forerunner and Tactile Ventures and valued the travel platform at $1B. Fora will use the funding to expand its AI capabilities, enter new markets, grow into categories including cruises and flights, and continue hiring. - learn more
        • M13 led Rime’s $24M Series A, with participation from Corazon Capital, Unusual Ventures, Cadenza Ventures and Twilio Ventures. The AI startup will use the funding to develop faster, more natural voice models for enterprise applications, while M13 partner Morgan Blumberg will join its board. - learn more
        • Calibrate Ventures participated in Walden Robotics’ $300M seed round, co-led by Toyota and Deviation Capital, which valued the company at $1.1B. The robotics startup emerged from stealth with general-purpose robots designed to learn on the job and work alongside people in manufacturing and logistics environments. - learn more
        • Lasagna Ventures participated in Cyclops’ $20M Series A, which was led by Nava Ventures and also included Castle Island Ventures, Coinbase Ventures, Circle and Global PayTech Ventures. The stablecoin infrastructure company will use the funding to accelerate product development, expand its teams and global licensing, and grow its go-to-market operations. - learn more
        • MaC Venture Capital participated in Pure’s $8M seed financing, raised across multiple rounds led by Hidden Capital. The company will use the funding to expand its engineering and compliance teams and further develop its platform for verified, real-money peer-to-peer games. - learn more
        • Clocktower Technology Ventures participated in Feathery’s latest financing, which brought the company’s total funding to $30M, including its recently completed Series A. The AI platform, used by insurance and wealth-management firms to automate workflows and improve decision-making, plans to expand its products and grow its engineering and go-to-market teams. - learn more
        • Matter Venture Partners led TYLsemi’s oversubscribed $43M early-stage funding round, with participation from Viola Ventures, GHOVC, Egis Technology and other strategic investors. The semiconductor startup emerged from stealth with a full-stack chiplet platform designed to cut the time and cost of developing custom AI silicon by as much as 50%. - learn more
        • Lasagna participated in Pact Labs’ $7M Series A, which was anchored by a strategic investment from Tether and also included Blockchange Ventures. The company will use the funding to expand infrastructure that brings Tether’s U.S.-regulated USA₮ stablecoin to payroll, earned-wage access, credit and payment platforms. - learn more

        LA Exits

        • Communications startup TextPlus has agreed to be acquired by Truecaller for $15M in cash. TextPlus, which provides app-based phone numbers, messaging and internet calling to roughly 1.5M monthly active users, will help Truecaller expand its U.S. presence and add second-number and VoIP services to its platform. - learn more

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          This LA Startup Wants Dealers to Fight Over Your Car

          🔦 Spotlight

          Happy Friday Los Angeles,

          Selling a car is one of those modern processes that somehow still feels like it was designed to test your patience.

          You can list it yourself and deal with strangers from the internet. You can take the first online offer and wonder if you left money on the table. Or you can walk into a dealership and prepare for the emotional sport of negotiation.

          Los Angeles-based Bidbus is trying to make that process feel a little less broken.

          The company raised a $15M Series A led by Ibex Investors, with participation from Mucker Capital, FJ Labs, Motley Fool Ventures, Data Point Capital, Walter Ventures and Yossi Levi, better known as the Car Dealership Guy.

          Bidbus lets consumers submit their cars and have verified dealerships compete to buy them. Instead of a seller shopping the same car around manually, the platform turns the process into a competitive auction where dealers bid against each other for inventory.

          That model is especially interesting right now because used cars remain one of the strangest corners of consumer commerce. The market is huge, the transaction is high-stakes and the average seller still has very little visibility into whether they are getting a fair price.

          Bidbus says its marketplace can generate offers that are $2,000 to $3,000 higher than Carvana in some cases. That is the kind of delta that can make people pay attention, especially in a category where convenience often comes at the cost of leverage.

          The company is currently focused on California and Texas and plans to use the new funding to expand into more markets. The bigger question is whether it can make dealer competition feel as simple and trustworthy as the instant-offer platforms consumers already know.

          For sellers, the pitch is easy to understand: make the dealers fight for your car, not the other way around.More from this week’s LA startup and venture scene below.

          🤝 Venture Deals

            LA Companies

            • EdVisorly raised a $13.3M Series A led by Breachway Capital, with participation from U.S. News & World Report, Lumina Foundation, Strada Education Foundation, Motley Fool Ventures, Juvo Ventures and Zeal Capital Partners. The company builds AI-powered software that helps colleges and universities automate admissions, transcript processing, transfer credit evaluation and enrollment workflows, with the new funding going toward product innovation, engineering infrastructure and expanding its student-facing tools. - learn more
            • Savi Security launched its iOS and Android app to help families detect and avoid AI-powered scams and fraud, while also announcing $7M in seed funding led by Acrew Capital. The app uses behavioral AI to screen calls, texts, voicemails and suspicious messages before users engage, with features including text protection, voicemail screening, live call monitoring and a free scam-checking tool called Scamwise. The round also included participation from Magnify Ventures, TTCER and Resolute Ventures. - learn more

            LA Venture Funds
            • UP.Partners co-led Skapion’s $36M seed round alongside Khosla Ventures, with participation from Fusion VC, Stratos Ventures, TBD VC and q Fund. Skapion is developing a counter-drone swarm defense system designed to address large-scale UAV attacks involving dozens or hundreds of drones operating at once. The company was founded in late 2025, has R&D operations in Ramat Gan and a headquarters in Washington, D.C., and plans to use the funding to expand engineering, system development, integration, testing and work with defense and government customers. - learn more
            • Trousdale Ventures participated in Venus Aerospace’s $91M Series B, which was led by Mercury Fund with backing from investors including Lockheed Martin Ventures. Houston-based Venus Aerospace is scaling its rotating detonation rocket engine technology after completing a U.S. flight test in 2025, with potential applications across hypersonic aircraft, defense systems, orbital vehicles and space propulsion. The funding will help move the company’s engine technology from prototype toward production. - learn more
            • B Capital led Kaon AI’s Series B, backing the company’s push to build an AI-native content engine for brands and creators. Kaon AI is developing tools that combine deep computer science with mainstream culture, helping teams generate, personalize and distribute content for the generative AI era. The company plans to use the new funding to expand its platform, grow its team and support broader adoption across enterprise and creative customers. - learn more
            • Ulysses Capital participated in Pearl Health’s $110M capital raise, which included a $50M equity round led by Andreessen Horowitz and a $60M debt facility led by Trinity Capital. Pearl Health builds AI-powered technology for Medicare-focused providers, helping care teams manage risk, predict patient needs and automate workflows across value-based care. The company supports more than 10,000 providers across over 40 states and plans to use the new capital to expand its AI platform, Medicare Advantage offerings and provider partnerships. - learn more
            • WndrCo co-led Wonderdog’s $5M pre-seed round alongside Maveron, with participation from Cultivate Next, Mars Petcare’s early-stage investment program. Hermosa Beach-based Wonderdog is building an AI-powered preventive health platform for dogs, using microbiome, blood and genetic testing to help identify health risks earlier and recommend personalized diet, supplement and care plans. The company plans to use the funding to scale its diagnostics platform, expand its AI tools and grow into new markets. - learn more
            • GordonMD Global Investments co-led Cyllene Therapeutics’ €33M Series C alongside M Ventures, with participation from existing investors including Andera Partners, Bpifrance’s InnoBio 3 Fund and Lamond Ventures. Paris-based Cyllene, formerly known as EG 427, is developing precision genetic medicines using its non-replicating HSV-1 HERMES platform, with the funding going toward continued clinical development of EG110A for neuro-urology indications and broader pipeline expansion. The company plans to initiate a Phase 2b/3 study for EG110A in 2027. - learn more
            • Bonfire Ventures led Katalyze AI’s $10.5M seed round, with participation from Inovia Capital, Ripple Ventures, Alumni Ventures and angel investors including Gokul Rajaram and Farzad Soleimani. San Francisco-based Katalyze is building an agentic operating system for pharmaceutical companies, helping scientists, engineers and analysts deploy AI agents across scientific, engineering and manufacturing workflows. The company says its platform is already used by five of the 20 largest global pharma companies. - learn more
            • Strong Ventures participated in Studio Kiko’s undisclosed Pre-A round for NearDoc, alongside Smilegate Investment and Korea Investment Accelerator. NearDoc is an AI medical charting service that listens to doctor-patient conversations in real time and automatically generates completed SOAP notes for EMR systems, helping reduce physicians’ documentation burden. The company says NearDoc was adopted by more than 300 clinics and hospitals within two months of launch and plans to use the funding to recruit talent, advance the product into a clinical decision support system and expand into non-English-speaking Asian markets. - learn more
            • Foxhog Ventures invested $1.34M in FundingBazar.com, a fintech platform building a digital marketplace to help startups, SMEs and businesses access capital. Currently in beta, FundingBazar.com plans to connect companies with investors through both equity funding and revenue-based financing, while adding tools for investor discovery, digital documentation, due diligence and founder-investor communication. - learn more
            • March Capital participated in Together AI’s $800M Series C, alongside investors including Aramco Ventures, NVIDIA, Vista Equity, General Catalyst, Emergence Capital, SE Ventures, Pegatron, Salesforce Ventures, DTCP Growth, Lux Capital, Geodesic and others. Together AI provides infrastructure for open-source and custom AI, spanning inference, training, fine-tuning, GPU clusters and accelerated compute for companies building production AI applications. The company also secured commitments for more than 500 MW of compute capacity to support future growth. - learn more
            • Wavemaker360 Health co-led Materna Medical’s $5M B3 financing alongside InnovaHealth Partners and Band of Angels, with continued support from existing investors. Mountain View-based Materna is developing women’s pelvic health products, including Milli, an FDA-cleared vaginal dilator, and Ellora, an investigational obstetrical system designed to reduce pelvic floor muscle injury during vaginal delivery. The funding will support Materna’s EASE pivotal trial readout, Ellora launch preparations, market access work and commercial manufacturing capabilities. - learn more
            • CIV participated in 1001’s $30M Series A, which was led by Lux Capital with participation from Sanabil Investments, 9Yards, Hanabi and existing backers including General Catalyst. Dubai- and London-based 1001 is building sovereign AI operating systems for critical infrastructure sectors such as aviation, ports, logistics, energy and industrial operations, helping operators automate decisions while keeping AI systems locally owned and governed. The company plans to use the funding to expand engineering and go-to-market teams across key GCC markets. - learn more
            • Fifth Wall participated in Higharc’s $95M Series C, which was led by Insight Partners with additional backing from Wellington Management and existing investors including Spark Capital, Lux Capital, SE Ventures, Simpson Strong-Tie, PSP Partners, RXR Arden Digital Ventures, Suffolk Technologies, Vertex Ventures, NC Tweener Fund and MetaProp. Higharc builds AI software for homebuilding, generating homes as 3D spatial data so builders and suppliers can better manage design, estimating, sales and construction workflows. The new funding brings Higharc’s total raised to more than $170M and will support AI product development and expansion into building materials supply chain workflows through a new partnership with US LBM. - learn more
            • StoryHouse Ventures is an existing investor in PvX Partners, which secured a new $5M equity investment from MIT to expand its user acquisition financing platform for consumer apps and mobile games. Singapore-based PvX uses its machine learning system, PvX Lambda, to evaluate marketing and performance data before underwriting user acquisition campaigns, giving app companies an alternative to traditional venture capital or lending. The company has now surpassed $750M in committed user acquisition financing. - learn more
            • WndrCo participated in 8090 Labs’ $135M Series A, which was led by Salesforce Ventures with additional backing from Craft Ventures, The Production Board and Launch. Founded by Chamath Palihapitiya, 8090 Labs is building Software Factory, an AI coding agent designed for enterprise engineering teams that need production-quality software, audit trails and controls rather than quick prototypes. Palihapitiya is also stepping in as CEO. - learn more
            • Multiball Capital participated in Nebex’s $30M seed round, which was led by GV, as the company builds market infrastructure for the global space economy. Nebex connects sovereign space programs with the founders and companies building space technologies, while also announcing a banking relationship with J.P. Morgan to support revenue, cash flow and transaction infrastructure for space-sector deals. The company was founded by former Axiom Space executives and entrepreneurs Tejpaul Bhatia and Anand Subramanian. - learn more

            LA Exits

            • Versed, the clean skincare and makeup brand founded by Katherine Power, was acquired by Belle Brands, a platform company formed by consumer-focused private investment firm Windsong Global. Versed will join JVN Hair, Pipette and KVD Beauty under Belle Brands, with CEO Andy Chiu supporting the transition. Terms of the transaction were not disclosed. - learn more

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