Woebot Health

Woebot Health

AI platform for on-demand mental health support

About

Woebot Health provides an AI-powered platform that offers behavioral health support to adults, focusing on supplementing traditional clinical care rather than replacing it. The platform utilizes Cognitive Behavioral Therapy (CBT) techniques to guide users through their mental health journeys, delivering tools and insights with empathy. It is designed for adults who may not have access to therapy during regular office hours, offering on-demand support for various issues such as relationship challenges and self-worth concerns. Woebot Health operates on a B2B model, partnering with Integrated Delivery Networks (IDNs) to integrate its platform into their Electronic Medical Record systems, ensuring seamless access for patients. The platform has received high satisfaction ratings from users, with a significant portion of interactions occurring outside of typical work hours. The goal of Woebot Health is to expand access to mental health services and provide timely support to those in need.

Company Stage

N/A

Employees

51-200

Industries

AI & Machine Learning, Healthcare

Total Funding

$119.9M

Headquarters

N/A

Founded

2017


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Simplify's Take

What believers are saying

  • Winning the MedTech Breakthrough’s Mental Health Innovation Award underscores Woebot's industry recognition and credibility.
  • Partnerships with major healthcare networks like Virtua Health expand Woebot's reach and potential impact on mental health care.
  • The platform's ability to deliver personalized, evidence-based mental health support at scale can significantly improve access to care for underserved populations.

What critics are saying

  • The efficacy and ethical considerations of AI-driven mental health support remain debated, potentially affecting user trust and adoption.
  • Dependence on B2B partnerships with healthcare networks means that changes in these relationships could impact revenue stability.

What makes Woebot Health unique

  • Woebot Health leverages AI to provide on-demand mental health support, distinguishing itself from traditional therapy models that require scheduled appointments.
  • The platform's integration with Electronic Medical Record systems offers seamless incorporation into existing healthcare workflows, unlike standalone mental health apps.
  • High user satisfaction rates and extensive out-of-hours support highlight Woebot's effectiveness and accessibility, setting it apart from competitors.

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Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-19%

2 year growth

-8%

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