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.

Simplify's Take

What believers are saying

• AI-driven mental health tools are increasingly integrated into telehealth platforms.
• Personalized therapy chatbots offering 24/7 support align with Slingshot AI's mission.
• AI models predicting mental health crises provide opportunities for proactive intervention.

What critics are saying

• Increased competition from startups like Woebot Health with significant funding.
• Potential ethical and privacy concerns related to AI in mental health.
• Regulatory scrutiny on AI applications in healthcare is increasing.

What makes Slingshot AI unique

• Slingshot AI focuses on global access to mental healthcare using AI technology.
• The company collaborates with mental health providers to enhance service delivery.
• Slingshot AI develops large-language models specifically for behavioral health.

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Funding

Total Funding

$35.2M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:

BoxGroupAndreessen Horowitz

Notable Investors:

BoxGroupAndreessen Horowitz

$30,000,000

Seed

Aug 2024

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$30M