SpectrumAi

SpectrumAi

Develops electronic health records for ABA therapy

About SpectrumAi

Simplify's Rating
Why SpectrumAi is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

AI & Machine Learning

Healthcare

Company Size

11-50

Company Stage

Series A

Total Funding

$28.2M

Headquarters

Los Angeles, California

Founded

2021

Overview

SpectrumAi develops innovative solutions for life-changing therapies, including Twyll, a next-generation electronic health record (EHR) modernizing Applied Behavior Analysis (ABA) therapy through transformative, data-driven tools. Twyll simplifies documentation and improves supervisor oversight with a modern interface, while Patterns ABA network analytics enables the transition to value-based contracting through objective data and analytics.

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Simplify's Take

What believers are saying

  • Increased telehealth adoption enhances SpectrumAi's reach in delivering ABA therapy.
  • Growing interest in personalized medicine aligns with SpectrumAi's data-driven approach.
  • Rising demand for digital health in pediatric care expands SpectrumAi's market presence.

What critics are saying

  • Competition from startups like Elemy, which raised $219M, poses a threat.
  • Scaling globally is challenging due to varying ABA therapy regulations.
  • Dependence on continuous funding may be unsustainable if market conditions change.

What makes SpectrumAi unique

  • SpectrumAi focuses on modernizing ABA therapy with data-driven solutions.
  • The company collaborates with global clinical leaders in autism care.
  • SpectrumAi's Twyll and Patterns platforms enhance data capture and measurement in ABA therapy.

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Funding

Total Funding

$28.2M

Above

Industry Average

Funded Over

2 Rounds

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
$20M
SpectrumAi
$100M
GitHub

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Short-term Disability

Long-term Disability

Mental Health Support

Remote Work Options

Flexible Work Hours

Unlimited Paid Time Off

401(k) Retirement Plan

Company Equity

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-4%

2 year growth

5%
BH Business
May 11th, 2023
CVS Health Ventures Leads $20M Investment in ABA Data Collection Startup SpectrumAi

Other investors in the Series A round for SpectrumAi include Cobalt Ventures, with follow-on investments from seed investors F-Prime, Frist Cressey and the Autism Impact Fund.

LA TechWatch
Mar 20th, 2023
LA Tech Week in Review: 3/12/22-3/18/23 – LA TechWatch

Meta Link, a private chat app for NFT holders, has raised $6M in Seed funding from investors that include Social Capital, Sound Ventures, Balaji Srinivasan, Gary Vaynerchuk, Sebastien Borget, Gemini Frontier Fund, Guy Oseary, Justin David Blau, Arrington Capital, Baller ventures, Ivan Soto Wright, and Humans ventures.

LA TechWatch
Mar 16th, 2023
The LA TechWatch Startup Daily Funding Report: 3/16/2023 – LA TechWatch

Metalink, a private chat app for NFT holders, has raised $6M in Seed funding from investors that include Social Capital, Sound Ventures, Balaji Srinivasan, Gary Vaynerchuk, Sebastien Borget, Gemini Frontier Fund, Guy Oseary, Justin David Blau, Arrington Capital, Baller ventures, Ivan Soto Wright, and Humans ventures.

Finsmes
Mar 16th, 2023
Spectrumai Raises Up To $20M In Series A Funding

SpectrumAi, a Los Angeles, CA-based company developing solutions to improve autism care, raised up to $20M in Series A funding.The round was led by CVS Health Ventures with participation from Cobalt Ventures, F-Prime, Frist Cressey and Autism Impact Fund.Led by CEO Ling Shao, Founder CEO, SpectrumAi develops solutions to improve life-changing therapies. Its initial focus is to modernize Applied Behavior Analysis (ABA) for children with autism by capturing and measuring objective treatment and outcomes data to understand quality drivers.The company intends to use the funds to accelerate adoption of its applied behavior analysis (ABA) electronic health record, Twyll, and Patterns, its network analytics platform, which are designed to improve data capture and objective measurement of ABA therapy for autism.FinSMEs16/03/2023

FC Ventures
Mar 16th, 2023
CVS Health Ventures Leads $20M Investment in ABA Data Collection Startup SpectrumAi

Other investors in the Series A round for SpectrumAi include Cobalt Ventures, with follow-on investments from seed investors F-Prime, Frist Cressey and the Autism Impact Fund.

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