Wysa, a Boston, MA-based leading AI digital platform for mental health, today announces that it secured $20 million in Series B funding.
The round was led by HealthQuad, with British International Investment (BII), joined by earlier investors W Health Ventures, Kae Capital, Google Assistant Investments, and pi Ventures amongst others.
Wysa will use this capital to further expand into the US, UK, India, and other global markets across enterprises, payors, and providers, and improve wider usability through multi-lingual support and easier access via WhatsApp.
Company: Wysa Ltd.
Raised: $20.0M
Round: Series B
Funding Month: July 2022
Lead Investors: HealthQuad
Additional Investors: British International Investment (BII), W Health Ventures, Kae Capital, pi Ventures, and Google Assistant Investments
Company Website: https://wysa.io/
Software Category: AI-driven mental health support
About the Company: Wysa is a global leader in AI-driven mental health support, available to individuals through employer benefits programs and healthcare services. Wysa supports individuals with the help of an “emotionally intelligent” conversational agent that guides users through evidence-based cognitive-behavioral techniques (CBT), meditation, breathing, and mindfulness exercises, as well as micro-actions to help build mental resilience skills. For employers, Wysa offers a workplace solution that caters to the full spectrum of behavioral health needs. This solution embeds into existing company benefits, such as Employee Assistance Programs (EAP) or external health care provider networks, and can be customized by geography or cohort. Currently, Wysa has facilitated over 400 million conversations with 4.5 million users in 65 countries. Wysa’s customers include Accenture Global, Aetna International, NHS, Cincinnati Children’s Hospital Medical Center, and the Ministry of Health in Singapore.
Source: https://blogs.wysa.io/blog/company-news/wysa-secures-20m-to-address-global-mental-health-demand-with-ai-digital-therapeutics