AI-powered Woebot raises $90M to scale up digital self-therapy platform

‘Digital therapist’ Woebot perks up with $90M for AI-powered mental health platform (FierceBiotech): In news sure to excite even the most melancholy of artificial intelligence-powered chatbots, mental health platform Woebot has closed its series B funding round with a whopping $90 million. The funds will go toward building out Woebot’s AI technology and digital therapeutics, as well as the teams responsible for the development and commercialization of the platform. Woebot’s technology centers around the eponymous “digital therapist,” which uses conversational AI software to form therapeutic bonds with users as they discuss mental health issues. From there, Woebot can administer digital therapies based on clinically validated techniques, including cognitive behavior therapy, dialectical behavior therapy and interpersonal psychotherapy … The recent deluge of funding catapults Woebot’s lifetime fundraising to $114 million, all directed toward combating the growing epidemic of mental illness in the U.S. and a lack of trained healthcare providers. The Announcement: Woebot Health Closes $90 Million Series B Funding Round Co-Led by JAZZ Venture Partners and Temasek (press release): Woebot Health today announced it has closed a $90 million Series B funding round, bringing total investment in the company to $114 million. The round was co-led by existing investor JAZZ Venture Partners and Temasek with participation from funds and accounts managed by BlackRock Priva...
Source: SharpBrains - Category: Neuroscience Authors: Tags: Brain/ Mental Health Peak Performance Technology & Innovation artificial intelligence chatbot cognitive behavior therapy dialectical behavior therapy digital self-therapy digital therapeutics interpersonal psychotherapy mental health c Source Type: blogs