Mental health chatbot Wysa raises $20 million
Mental health chatbot Wysa raised $20 million in a Series B funding round led by HealthQuad.
Other participants in the relaunch include British International Investment (BII) and former investors W Health Ventures, Kae Capital, Google Assistant Investments and pi Ventures.
Series B comes just over a year after Wysa announced a $5.5 million Series A fundraiser. The startup also recently received a Breakthrough Device Designation from the FDA for using its chatbot with adults who have chronic musculoskeletal pain and related depression and anxiety.
WHAT DOES HE DO
Wysa offers an AI chatbot that can guide users through cognitive behavioral therapy for issues like low mood, anxiety, and stress. The startup’s employer offering also includes a library of self-care exercises on self-esteem, sleep, and mindfulness, as well as optional access to human trainers from Wysa.
Wysa said the chatbot can also direct users to higher levels of care, such as a mental health professional or a crisis support line, if patients need more support.
The startup plans to use the capital inflow to expand globally, particularly in the US, UK and India. The Series B will also support multiple languages, as well as access through the WhatsApp messaging service.
“Wysa has not only been extremely successful as a consumer wellness platform, but has also become a powerful, clinically validated tool for proactively managing mental health and wellness,” co-founder Ramakant Vempati said in a statement.
“Wysa meets people where they are, whether that means a little help with occasional workplace stress, coping with debilitating pain, depression and anxiety. With this funding, we hope to continue to grow and help millions of other people.”
MARKET IMAGE
Another company offering a mental health chatbot is Woebot Health, which recently secured a $9.5 million investment from Leaps by Bayer. Woebot also closed a $90 million Series B round and earned its own breakthrough device designation for its digital therapy for postpartum depression in 2021.
However, there are other companies that offer health-related chatbots, including Ada Health’s rating and navigation platform and Babylon Health’s symptom checker.
While competition is fierce in the broader digital mental health space, the clinical arena remains a popular target for investors. According to Rock Health’s latest digital health financing report, mental health startups raised $1.3 billion in the first half of 2022.
Share this:
- Click to share on Twitter (Opens in a new window)
- Click to share on Facebook (Opens in a new window)
- Plus
- Click to share on LinkedIn (Opens in a new window)
- Click to share on WhatsApp (Opens in a new window)
- Kona II: Brume will be playable at gamescom Kona II: Brume, sequel to the hit Kona, a single-player first-person narrative adventure developed by Parabole and published by Ravenscourt,…
- Does Love and Thunder do at the box office? guides Enough for a god. Posted Jul 11, 2022 Jake Su Home » Guides » How much did Thor: Love…
- Layer One Blockchain Startup 5ire Raised $100M and Joins Unicorn Club Tier 1 blockchain network 5ire has joined the unicorn club after raising $100 million at a $1.5 billion Series A…
- 3 BEST WIRELESS HEADPHONES of this 2022 We will analyze the 3 best wireless headphones of 2022. ⬇️PURCHASE LINKS ⬇️ TicPods ANC: https://amzn.to/3yIPUtJ Sony WF1000: https://amzn.to/3chHr9s SoundPEATS…
- 5-letter words that start and end with m guides Another helpful list of possible solutions for today’s Wordle answer! Posted Jul 11, 2022 Chris Jecks Home » Guides…
- Padel rackets – my analysis and opinions of other users Bullpadel X-Compact padel racket: https://amzn.to/3uHgKBI Padel Rackets Set, 2 Paddles + 3 Balls: https://amzn.to/3uGnDDr Dunlop Skin padel racket: https://amzn.to/3EdRUws Sky…
- Which one is the best for you? The Nothing Phone (1) has just been released, but how does it compare to Google’s older and equally affordable alternative?…
- Deals on mirrorless cameras, action cameras and drones Prime Day has officially begun and that means it’s time to start ticking off your summer bucket list. If you’re…
- Nikon: historic decision, stop the production of reflex cameras and… In just three lines of a press release from Nikkei Asia, we learn that the brand Nikon will withdraw from…
- 3 Best STANDING FANS of 2022 Orbegozo Sf 0147: https://amzn.to/3AdaYuS Rowenta turbo silencer: https://amzn.to/3I5YHdo Cecotec energy silence: https://amzn.to/3OU9Joy video highlights Orbegozo Sf 0147 0:20 Rowenta turbo…
- What is business advice? Business advice is the professional services offered to the owners and managers of Business in the field of business management.…
- Q&A: The Role of Telehealth in Fighting the Opioid Epidemic Amid the COVID-19 pandemic, drug overdose deaths in the United States have increased. The CDC estimates that more than 107,000…
- Porsche tells the story of the PDK transmission, dating back to the… Porsche tells the story of its step into the future. Today, Porsche’s PDK dual-clutch automatic transmission is well established in…
- System Shock, Gungrave GORE and other playable titles await you at… Prime Matter confirms its presence at the next Gamescom 2022, with highly anticipated titles such as System Shock, Gungrave GORE…
- Numarine X Yazz Collective Resort in Turkey is the best sailing… The Turkish sailing experience is even better. Boat builder Numarine is based in Turkey and celebrates the beauty of what…
- Cornucopias Sells 24,000 NFTs in Largest Cardano Land Sale The Metaverse Cornucopias project has officially completed its fifth day of land sales. The five-day sale saw the project set…
- How home automation can help us at home Home automation has become a useful and affordable solution for homeowners who want to create a more comfortable, safer and…
- 5-letter words that start with NI guides The most efficient way to play Wordle. Posted Jul 11, 2022 Jake Su Home » Guides » 5-letter words…
- 5-letter words that start with B and end with D guides Ensure a smoother time in Wordle. Posted Jul 12, 2022 Jake Su Home » Guides » 5 Letter Words…
- Flare celebrates the Genesis event with an open invitation to… Flare, the interoperable Layer 1 blockchain, is finally open for business. Its genesis event kicked off on July 14, kicking…
- Dirge post-roe by Liz Cooledge Jenkins I saw something sad. Faces twisted by a stranger (unfair anger) outside a clinic Or sitting at the table laughing…
- A Couple of Cuckoos Anime Second Court Reveals Opening and Ending… Entertainment Kadokawa has released two more videos for the second cut of the popular romantic comedy anime A Couple of…
- Report: Most Gamers Care Less About GameFi Although non-fungible tokens, or NFTs, have a modest presence in the gaming industry through GameFi, some gamers find it too…
- What steps to grow, what to buy first and more If you’re looking for a full breakdown of the new Bloody Hunt event in Dislyte, we’ve got you covered on…
- Circle reveals USDC liquidity and availability in reserves The entire crypto space has felt a negative impact from the failure of the UST algorithmic stablecoin and the native…
- 7 BEST MOISTURE METERS of this 2022 Find the 7 best humidity meters of this year 2022. ⬇️PURCHASE LINKS⬇️ 1. THERMOPRO MOISTURE METER: https://amzn.to/3Ry4Sv6 2. LCD MOISTURE…
- Only True Cobra Kai Fans Can Name All These Side Characters Proof Ruthless! Posted Jul 12, 2022 Dylan Chaundy Home » Quiz » Only True Cobra Kai Fans Can Name All…
- Love Hina Mangaka Ken Akamatsu Elected To Japan’s House Of Councilors… Entertainment Today, Japan held the election of the House of Councilors of the National Diet, and the popular mangaka Ken…
- Best stuffed animals of 2022 Rare Monkey Plush: https://amzn.to/3rGEG6O Cuddle Bear Plush: https://amzn.to/3sBanxx Snorlax Plush: https://amzn.to/3rKHVdr Do you want me to review an Amazon product?…
- Reading the language of the goddess This blog was originally published on December 1, 2014 The image of an ancient Cretan bowl (circa 1700 BC) from…
- Do bloody heart flowers change color? Bloody hearts are unique flowers. There is nothing like them, with their hanging flowers in the shape of a heart.…
- DEWALT Screwdriver Review | Customer opinion DEWALT screwdriver review by a customer who bought on amazon. Buy DEWALT DCF887: https://amzn.to/3OsbhGx Other users searched for us by:…
- The Porsche 911 Turbo S won the production car class at Pikes Peak… At Pikes Peak, the Porsche 911 Turbo S braved the storm and proved to be an incredible car. Climbing Pikes…
- Uniswap Fake Token Phishing Attack Leads to $4.7M Loss Attackers have looted at least $4.7 million worth of Ethereum from cryptocurrency exchanges through a fraudulent token scam targeting Uniswap…
- The Carrera GT rally: a once-in-a-lifetime experience With automotive experiences becoming more popular, there are plenty of options. However, they are not all the same, especially those…
- Revuto NFTs promise a radical transformation of the subscription… Revuto has the deal of a lifetime for fans of Netflix and Spotify: the sale of 10,000 limited-edition NFTs that…
- Miami in Virgo, a mystical feminist novel by Sally Abbott Fifty years ago, California and other parts of the United States and the world were turbulent, creative, hopeful, and passionately…
- Roundup: Singapore-based medical startup Oncoshot secures funding to… Oncoshot receives funding to further expand in India and Australia Singapore-based medical startup Oncoshot has secured an undisclosed investment through…
- Release date, trailers, gameplay and more The new Saints Row (2022) is an upcoming third-person shooter and will serve as a reboot of the famous series.…
- (Spoiler) Did he die in Thor: Love and Thunder? Thor Odinson is no stranger to death and sadly suffers much more devastating losses in the latest movie. One, in…
- Best Oil Free Fryer 2022 COSORI oil-free fryer https://amzn.to/368n4IW Another fryer without oil: https://amzn.to/3jxvnBd Other users have searched for: oilless fryer, cecotec oilless fryer, lidl…
- Outriders: Worldslayer Review – Baby takes a step in the right… Table of Contents: Outriders: Killer of Worlds on PS5 Advantage drawbacks Outriders: Killer of Worlds on PS5 In April 2021,…
- Bandai Namco announces that internal systems have been hacked New Bandai Namco announced through a press release that some of its internal systems had been hacked and the company…
- 5-letter words that start with W and end with E guides Make smart guesses on your way to victory. Posted Jul 14, 2022 Jake Su Home » Guides » 5…
- 11 of the Best Lavender Varieties for Hot Climates Table of Contents: 1. Purple flag 2. french 3. Goodwin Creek Gray 4. big 5. Hide and seek 6. Madrid…
- How to beat all bosses, rewards and more If you’re looking for a full breakdown of the Wasteland mode in Dislyte, we’ve got you covered on that front.…
- Healthy.io Receives FDA Clearance for Smartphone-Based Home Kidney… Smartphone wound care and urine testing company Healthy.io has received 510(k) clearance from the FDA for home use of its…
- These Kindles for toddlers have some of the biggest price cuts of all Reading books is great, but kids want to be able to use their technology while doing it. You could give…
- Celsius replaces his lawyers and pays a debt of 20 million dollars… Although caught in the net of the crypto bear market, Celsius had a negative impact on the situation. The crypto…
- 5-letter words that start with N and end with T guides First steps in Wordle. Posted Jul 11, 2022 Jake Su Home » Guides » 5 Letter Words Starting with…