The health of the sword collects 40 million US dollars and extends to mental health with AI
Sword Health, a startup that focuses on dealing with people with digital services, is expanding to mental health and has increased additional capital to promote its growth.
The 10-year-old company introduces Mind, which uses a combination of artificial intelligence, hardware and experts for human health to treat patients with mild depression and fear. Sword said Mind will help users access care if they need them and not during sporadic, hourly appointments.
“It is really a breakthrough with regard to the fight against mental health, and this is only possible because we have AI,” Sword -CEO Virgílio Bento told CNBC in an interview.
Also on Tuesday, Sword announced a round of funding in General Catalyst of $ 40 million in a deal that evaluates the company with $ 4 billion. The new money will support SWORD's efforts to grow through acquisitions and its global expansion and AI model development, the company said.
The round included the participation of Khosla Ventures, Comcast Companies and other companies. According to PitchBook, Sword had collected a total of more than 450 million US dollars in September.
Funding areas as a market for digital health shows signs of recovery after a difficult expansion of imitation when inflation rising interest rates and a return on personal activities led to a dramatic retreat in the industry.
Early this month, Omada HealthThe virtual care programs offer to support patients with chronic diseases such as diabetes and high blood pressure, has held its NASDAQ debut, even though the share is traded under the stock market course of the IPO. Weeks earlier, provider of digital physiotherapy Health hinge Beat the New York stock exchange. The stocks act a few dollars over their offer price.
Sword, which was founded in Portugal and is now based in New York, offers tools for digital physiotherapy, health and movement of the pelvis and movement to help patients cope with pain from home and avoid other treatments such as opioids and operations. Patients can register for sword if they are supported by their employer or their health plan.
Mind users receive a wrist-compatible than “M band” that can measure environmental and physiological signals such as heart rate, sleep and lighting in the area of a user. Mind also includes access to a AI carer and human health professionals for mental health who can provide services such as traditional talcage therapy.
Bento said that a person was always involved in the care of a patient and that AI does not make clinical decisions.
For example, if a patient has an anxiety, the SWORD KI will recognize this and ask a clinic to approved physical activity for later on that day to help with recovery. The clinician would either agree with the physical activity that the AI proposed, or overridden it and suggested something else.
“You have a problem with anxiety today, and the way you can talk about it is to talk about it in a week? It just doesn't work,” said Bento. “Mental health should always be switched on where you now have a problem and you can help immediately at the moment.”
Bento said sword had some customers who were on a waiting list for spirit, and the startup tested the offer with some of its design partners. He said early users had approved the personalized approach and the convenience of Mind.
“We believe that it is really the future of how mental health will be delivered by us and other companies in the future,” said Bento. “AI plays a very important role, but the use of AI – and I think that is very important – must be used very intelligently.”
Disclosure: Comcast, parents of Comcast Ventures, is the owner of NBCUNIERSAL, parent company of CNBC.
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