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About Slingshot AI
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.
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
Andreessen Horowitz
BoxGroupIndustry standards
Benefits
Hybrid Work Options
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 22%2 year growth
↑ 22%New York City-based Slingshot AI has raised $40 million in capital for its mental health chatbot. Legacy investor Andreessen Horowitz led the round
Slingshot AI, a foundation model for psychology, has raised $40M in Series A funding led by Andreessen Horowitz.
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.
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.
Slingshot AI is Hiring for 3 Jobs on Simplify!
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About Slingshot AI
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
Slingshot AI is Hiring for 3 Jobs on Simplify!
Find jobs on Simplify and start your career today