Wysa, a Boston, MA-based provider of an AI digital platform for mental health, raised $20M in funding.
The round was led by HealthQuad, with participation from British International Investment (BII), W Health Ventures, Kae Capital, Google Assistant Investments, and pi Ventures.
The company intends to use the funds to further expand into the US, UK, India and other global markets across enterprises, payors, providers as well as improve wider usability through multi-lingual support and easier access via WhatsApp.
Wysa provides an AI-driven mental health support, available both to individuals, through employer benefits programs and healthcare services. It supports individuals with the help of an “emotionally intelligent” conversational agent which guides users through evidence-based cognitive-behavioral techniques (CBT), meditation, breathing and mindfulness exercises, as well as micro-actions to help build mental resilience skills. For employers, Wysa offers a workplace solution that caters to the full spectrum of behavioral health needs. This solution embeds into existing company benefits, such as Employee Assistance Programs (EAP) or external health care provider networks, and can be customized by geography or cohort.
Clients include Accenture, Colgate-Palmolive, Aetna International, Swiss Re, the National Health Service (NHS) in the UK, and the Ministry of Health in Singapore.
FinSMEs
18/07/2022