Behavioral well being startup Eleos Well being introduced a $20 million Sequence A funding spherical for its AI-backed voice expertise that gathers insights right into a affected person’s psychological wellbeing. This new funding spherical comes lower than a yr after the Boston and Tel Aviv-based startup introduced a $6 million seed spherical, and brings the full increase to $28 million.
F-Prime Capital and Eight Roads Ventures led the spherical with participation from aMoon Fund, lool ventures and Arkin Holdings.
WHAT IT DOES
The corporate created a voice synthetic intelligence instrument that is ready to run within the background of a psychological well being session. Clinicians can then use the platform’s AI capabilities to assist analyze their sufferers.
The instrument can present insights on key phrases or dialog themes, using medical interventions – such as CBT – within the periods and how a lot time the clinician spent speaking vs. the affected person. Purchasers may faucet into the instrument for insights about practice-wide care supply and affected person enchancment charges, based on a press release from the corporate.
Eleos’ expertise is overlaid on suppliers’ EHRs and can be utilized in telehealth and brick-and-mortar settings.
WHAT IT’S FOR
Whereas the corporate did not specify how the brand new funds might be used, it did venture that its platform would develop in utilization and scale. Particularly the corporate stated that it has already captured 6.5 million minutes of remedy and is anticipating to seize 30 million minutes by the tip of the yr.
“Eleos Well being presents a singular method, by combining the facility of voice and Pure Language Understanding, along with enterprise-grade safety and compliance requirements within the medical workflow. Eleos permits suppliers and payers to unlock the synchronization of behavioral, medical and SDoH information, which results in improved outcomes and lowered clinician burnout,” Carl Byers, associate at F-Prime Capital, stated in a press release.
“We sit up for working with this proficient workforce as they take the subsequent steps to scale the enterprise.”
MARKET SNAPSHOT
This is not the one psychological health-focused firm trying to incorporate voice expertise into their choices. Mindstrong, a digital psychological well being startup that makes use of digital biomarkers, together with voice, scored $100 million in 2020.
Moreover, Kintsugi, which is a platform that makes use of vocal biomarkers to detect anxiousness and despair, raked in $8 million in seed funding final yr and one other $20 million in Sequence A financing in February.
