Aiberry, Wave Life, Iron Health
Aiberry Secures $8M for AI-Powered Mental Health Screenings
Aiberry (pronounced “I” + “berry”), an AI-powered mental health screening pioneer, today announced that it has secured $8M in seed funding led by Confluence Capital Group, Inc. (CCG) with participation from the VC fund Ascension AI. This brings total funding to $10M.
The company plans to use the latest round of funding to accelerate the adoption of the Aiberry platform, which uses an AI-powered therapeutic assistant to conduct a conversation to detect mental health disorders by analyzing what is being said, the speech patterns being used and even subtle changes in facial expressions.
Mental health issues are widespread and growing rapidly. The World Health Organization estimated in 2019 that 280 million people in the world have depression (1), while the National Center for Health Statistics’ (NCHS) estimated in 2021 that 11.7% of the adult population in the U.S. regularly had feelings of worry, nervousness, or anxiety (2). The need for rapid, easily administered, effective diagnosis has never been greater.
Aiberry’s platform enables screenings in a wide range of settings, from doctors’ offices to schools, workplaces, or even homes. Its AI-powered therapeutic assistant has a gentle voice and inviting manner that makes users feel at ease and it is available at any time of day or night. At the end of each screening, users and clinicians are provided with a risk level score for mental health disorders including suicidal ideation, in addition to screening insights including mood, concentration and energy levels. Aiberry is based on decades of research by Dr. Newton Howard, a leading brain and cognitive scientist and a professor at Georgetown University and Oxford University, who is also a co-founder and the Chief Scientist at Aiberry.
Aiberry Secures $8M for AI-Powered Mental Health Screenings
Aiberry (pronounced “I” + “berry”), an AI-powered mental health screening raises $8M in seed funding led by Confluence Capital Group,
Wave Life Raises $6M in Seed Funding
Wave Life, a San Francisco, CA-based provider of a mental health platform, raised $6M in Seed funding.
The round was led by Santé Ventures with participation from Hannah Grey, Joyance Capital, Gaingels, and Telocity Ventures.
The company intends to use the funds to refine their product offering and expand further into the employer space, where mental health has become pivotal for employee satisfaction and retention.
Led by Sarah Adler, Founder and CEO, Wave Life is a science-backed mental health platform combining brain science, technology, and human connection. The platform provides users with accessible emotional wellbeing coaching and science-backed techniques to help them survive and thrive both in and out of the workplace. Wave’s National Board Certified Health and Wellness Coaches provide convenient on-demand coaching and support. Additionally, the app provides ongoing measurement that encourages introspection and vulnerability, helping users to understand themselves better. The app features personalized interactive content that helps users understand the science and psychology behind their actions and feelings, along with science-backed quizzes to determine emotional strengths and identify areas that need attention. For employers, this multi-tiered, stepped-care approach can help their employees learn skills that lead to better communication, engagement, and an increased sense of belonging in the workplace, resulting in more satisfied workers.
Wave Life Raises $6M in Seed Funding - FinSMEs
Wave Life, a San Francisco, CA-based provider of a science-backed mental health platform, raised $6M in Seed funding.
Women's health startup Iron Health launches with $4.5M
Women's healthcare platform Iron Health, which allows obstetrician-gynecologists to connect their patients with primary and other specialty care, launched alongside a $4.5 million seed investment.
The March of Dimes' Innovation Fund, launched in September, contributed to Iron Health's seed investment, and is a strategic investor and partner.
New York-based Iron Health is a tech-enabled women's health platform that acts as a virtual extension of an OB/GYN's practice, offering connectivity between primary and specialty care while assisting with coordinated care and virtual services.
The platform provides patients with virtual visits, direct messaging and access to an OB/GYN Iron Health team member, including nurse practitioners, registered dieticians, clinical social workers and registered nurses.
The platform was built at Redesign Health, a company that produces, launches and finds funding for other healthcare startups.
