virtual reality
The company also announced a partnership with managed care organization CareSource to study the benefits of using virtual reality with patients receiving home and community-based services.
Adam Elsesser, president, chairman and CEO of Penumbra, describes the medical device company's move into virtual reality and how its REAL system helps therapists measure a patient's progress.
The partnership will allow MyndVR to expand its content offerings for older adults.
A recent study found patients using virtual reality while undergoing hand surgery required less anesthesia during surgery.
The virtual reality startup said the investment brings its total raise to more than $30 million.
![[Left] Adam Hutchinson, founder of oVRcome, and [Right] Dr Cameron Lacey of the University of Otago](/sites/mhn/files/styles/230x130/public/2025-07/1630195915719.jpg?itok=scAW_oRC)
The VR app has been shown to reduce 75% of phobia symptoms after six weeks of treatment.
The study was supported by AppliedVR and used its system for treating chronic lower-back pain. The tool received FDA De Novo clearance last year.
However, researchers found that participants' tendencies toward anxiety or pain catastrophizing affected which intervention worked better.
Its BCI solutions can be used by mental health professionals to directly access patients' EEG data.
Cofounder and CEO Matthew Stoudt discusses AppliedVR's De Novo clearance from November, what's next for the company and the biggest trends from 2021.