A naukri.com initiative
Eu-Startups
4w
205
Portuguese startup Sword Health raises €34.6 million to address global mental health crisis
- Porto-based startup Sword Health raises €34.6 million funding round at a €3.4 billion valuation to accelerate M&A momentum, global expansion, and AI model development.
- The round was led by General Catalyst and included various other investors like Khosla Ventures, Comcast Ventures, Lince Capital, and Oxy Capital.
- Sword Health, founded in 2015, aims to shift healthcare to an AI-first model, focusing on physical, pelvic, movement health, and now mental health.
- The company has reached over 500,000 members across three continents with 6.5 million AI sessions, helping clients save €865 million in healthcare costs since 2020.
- Backed by 40 clinical studies and over 40 patents, Sword Health has raised more than €259 million from investors like Khosla Ventures and General Catalyst.
- Sword Health unveiled 'Mind,' a mental health solution combining AI and clinicians to offer continuous personalized care, transforming mental health care delivery.
- Mind aims to address mental health challenges with a proactive, 24/7 model integrating AI, wearable tech, and Ph.D.-level mental health specialists.
- Sword's Mind looks to enhance accessibility and quality of mental health care globally, targeting the 1 billion people living with mental health conditions.
Read Full Article
12 Likes
For uninterrupted reading, download the app