The startup develops clinically validated virtual reality therapeutic devices that provide on-demand, all-in-one platforms for managing acute and chronic pain. These devices enhance clinical outcomes for patients with serious health conditions by offering targeted pain relief solutions.
Funding
$71M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+2Founders
Product
Problem
Chronic pain, particularly lower back pain, affects a significant portion of the adult population, leading to reliance on prescription medications and surgical interventions that carry risks of side effects and addiction. Traditional pain management often lacks comprehensive behavioral strategies, limiting access to effective care.
Solution
AppliedVR develops virtual reality (VR) based therapeutic programs designed to provide adjunctive treatment for chronic pain conditions. Their flagship product, RelieVRx, delivers cognitive behavioral therapy (CBT) skills and other evidence-based methods through an immersive VR experience. The platform aims to retrain the brain's perception of pain and foster positive coping mechanisms, offering a drug-free alternative for pain management. The VR programs are designed for in-home use, providing patients with accessible and convenient pain relief.
Target Audience
The primary target audience includes patients suffering from chronic pain, healthcare providers seeking alternative pain management solutions, and payers in the workers' compensation sector.
Features
- VR-based delivery of cognitive behavioral therapy (CBT) and other evidence-based behavioral methods
- Immersive 3D environments designed to modulate attention and alter pain perception
- Clinically validated programs for chronic lower back pain, with ongoing research in other pain conditions
- Self-administered, at-home treatment platform for convenient access
- Integration of biofeedback and guided meditation techniques
- Data tracking and progress monitoring to assess treatment effectiveness
- Dedicated workers' compensation programs for payers and providers
- Patents protecting the VR device and related innovations