What You Should Know:
– Videra Health, a frontrunner in AI-powered mental health assessments raises $5.6M in Seed II funding led by Peterson Ventures, with participation from Mercato Partners, Epic Ventures, and Philo Ventures.
– Videra Health aims to tackle these challenges by offering widespread, streamlined mental health screening and monitoring powered by AI technology.
Transforming Mental Health Screening with Video Technology
Videra Health leverages cutting-edge artificial intelligence to analyze video data. Their software detects subtle changes in facial expressions, body language, and speech patterns that may signal mental health conditions. This innovative technology allows for:
- Screening and monitoring: Videra Health’s platform can screen and monitor conditions like anxiety and postpartum depression, even proactively identifying individuals at heightened risk for suicide.
- Real-time progress tracking: Healthcare providers can track patient progress in real-time, enabling them to personalize treatment plans and improve treatment effectiveness.
- Reduced burden on healthcare systems: Early detection and efficient treatment plans have the potential to alleviate the strain on mental health resources.
Addressing a Global Crisis
This funding arrives at a critical juncture. With nearly half of the global population projected to experience a mental health disorder by age 75, the need for accessible and timely intervention is paramount. The current state of mental healthcare is concerning:
- Delayed Diagnosis: On average, it takes eleven years for individuals to seek help after experiencing symptoms.
- Untreated Cases: Over 50% of people with mental health conditions don’t receive treatment.
- Economic Impact: Untreated mental illness costs the U.S. an estimated $282 billion annually.
“At Videra Health, we are driven by our mission to improve the mental health of individuals worldwide,” said the company’s CEO and Co-founder, Loren Larsen.” Our AI video technology has the potential to change the landscape of mental health screening and monitoring, making it more accessible, accurate, and timely than ever before.”
