What You Should Know:
- Brightside Health, a telemental health company released research demonstrating the potential of large language models (LLM) in predicting mental health crises.
- The study, published in JMIR Mental Health, compared the performance of OpenAI's GPT-4 to human clinicians in identifying patients at risk of suicide.
Study Background and Key Findings
The research analyzed data from over 460 patients, including those who had reported suicidal ideation
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Mental Health
Spring Health Raises $100M for Mental Health Platform, Reaching $3.3B Valuation
What You Should Know:
- Spring Health, a mental healthcare platform raises $100M in Series E funding round, bringing its valuation to $3.3B. The round was led by Generation Investment Management, with participation from existing investors Kinnevik, William K Warren Foundation, RRE, and Northzone.
- The new funding will enable Spring Health to expand its reach, enhance its technology platform, and deepen its commitment to delivering exceptional mental healthcare. The company plans to
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INVI Mindhealth Closes $1.5M for Digital Mental Health Solutions
What You Should Know:
- INVI MindHealth, a leading mental health technology company raises $1.5M in Series Seed funding round. This investment will fuel advancements in their mobile application, focusing on user experience and integrating expert content on various mental health topics and solutions.
- Additionally, funds will be allocated to developing "Overwatch," a robust dashboard tool designed to empower team leaders in monitoring and supporting their members'
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Telepsychiatry Practice Talkiatry Secures $130M to Expand Value-Based Mental Healthcare Model
What You Should Know:
- Talkiatry, a leading provider of high-quality, in-network psychiatric care raises $130M led by Andreessen Horowitz (a16z) with participation from Perceptive Advisors and debt financing from Banc of California.
- Talkiatry boasts in-network status with over 60 health plans, including major insurers like Aetna, Blue Cross Blue Shield, and United Healthcare. This covers over 70% of commercially insured individuals in the US.
- With this new
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LunaJoy, Ollie Hinkle Partner on Holistic Mental Health Services for Heart Patients
What You Should Know:
- The Ollie Hinkle Heart Foundation (OHHF), a leading non-profit organization dedicated to supporting individuals with childhood-onset heart conditions and their families, today announced a national partnership with LunaJoy Health, a women’s mental health company supporting clinical operations and patient risk
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Videra Health Secures 5.6M for AI-Powered Mental Health Screening & Monitoring
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
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NeuroFlow Launches Maternal Mental Health ’Pathways’ for Improved Risk-Detection and Care
What You Should Know:
- NeuroFlow, a behavioral health technology and analytics company helping to measure and manage population risk, has launched a suite of perinatal and postpartum pathways to support behavioral health throughout and after pregnancy.
- These programs are a manifestation of NeuroFlow's commitment to improving
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Thirty Madison & Talkspace Partner to Expand Mental Health Access for Women
What You Should Know:
- Thirty Madison, the company behind Keeps, Cove, and Nurx, announced a major partnership with Talkspace, a leading online therapy provider.
- The strategic collaboration aims to significantly expand access to comprehensive mental health services for over half a million women.
Partnership Details
Under the agreement, Talkspace becomes the recommended therapy partner for Thirty Madison's Nurx and Cove brands. Nurx, a leader in women's healthcare, and
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Two Chairs Raises $72M to Expand Access to Therapist Network
What You Should Know:
- Two Chairs, a leading innovator in behavioral health, has announced the closing of a $72 million Series C funding round led by Amplo with participation from Fifth Down Capital and others, bringing Two Chairs' total capital raised to $103 million.
- Founded in 2017, Two Chairs is dedicated to creating a world where everyone has access to exceptional mental healthcare. They are recognized as a top employer for therapists, boasting over 500 licensed
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Cerebral Pays $7M to Settle FTC Charges Over Data Privacy and Deceptive Practices
What You Should Know:
- Cerebral, a company offering online mental health services, has agreed to pay over $7 million to settle Federal Trade Commission (FTC) charges.
- The FTC alleged that Cerebral failed to secure and protect sensitive consumer data and misled them about cancellation policies.
Key Allegations Against Cerebral
Cerebral allegedly disclosed consumers' personal health information (including diagnoses and medication history) to third parties like LinkedIn,
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