Slingshot AI

Slingshot AI

AI-driven tools for mental healthcare access

About Slingshot AI

Simplify's Rating
Why Slingshot AI is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

AI & Machine Learning

Healthcare

Company Size

11-50

Company Stage

Series A

Total Funding

$76.2M

Headquarters

New York City, New York

Founded

2022

Overview

Slingshot AI focuses on improving access to mental healthcare through advanced technology. The company develops AI-driven tools that help individuals enhance their mental well-being and performance while fostering connections among users. By collaborating with mental health providers, Slingshot creates comprehensive support solutions that cater to both healthcare professionals and individuals seeking mental health assistance. Unlike many competitors, Slingshot emphasizes partnerships with mental health institutions to enhance service delivery and patient outcomes. The goal of Slingshot is to make mental health support more accessible and effective for people around the world.

📈
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Slingshot AI raised $40M in Series A funding led by Andreessen Horowitz.
  • The global mental health apps market is projected to reach $17.5 billion by 2030.
  • AI-driven personalization in mental health care is becoming a key trend.

What critics are saying

  • Increased competition from AI-driven mental health startups like Woebot Health.
  • Potential ethical concerns over AI use in mental health applications.
  • Reliance on venture capital funding poses financial risks if future rounds fall short.

What makes Slingshot AI unique

  • Slingshot AI focuses on increasing global access to mental healthcare using AI.
  • The company develops AI-driven tools for personalized mental health support.
  • Slingshot AI collaborates with mental health providers to enhance service delivery.

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Funding

Total Funding

$76.2M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$30M
Kalshi
$40M
Slingshot AI

Benefits

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 22%

2 year growth

↑ 22%
BH Business
Jan 17th, 2025
Slingshot AI Raises $40M for Mental Health Chatbot

New York City-based Slingshot AI has raised $40 million in capital for its mental health chatbot.  Legacy investor Andreessen Horowitz led the round

AlleyWatch
Jan 15th, 2025
The AlleyWatch Startup Daily Funding Report: 1/15/2025

Slingshot AI, a foundation model for psychology, has raised $40M in Series A funding led by Andreessen Horowitz.

BH Business
Aug 28th, 2024
Mental Health Chatbot Startup Slingshot AI Raises $30M

New York City-based Slingshot AI reportedly raised a $30 million funding round led by Andreessen Horowitz, one of the largest and most prominent venture capital firms in the world, and an undisclosed "fast-follow round" by Menlo Ventures, according to Business Insider.

Finsmes
Aug 26th, 2024
Slingshot AI Raises $30M Seed Funding

Slingshot AI, an AI mental health startup based in New York and London, raised approximately $30 million in seed funding. The round was led by Andreessen Horowitz (a16z) with participation from Felicis Ventures, BoxGroup, and several individual investors. The funds will be used to expand operations and development efforts. Founded in 2022 by Daniel Reid Cahn and Neil Parikh, Slingshot AI focuses on developing large-language models for behavioral health.

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