Behavioral well being startup Eleos Well being introduced a $20 million Sequence A funding spherical for its AI-backed voice know-how 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 round, and brings the whole elevate 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 device 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 device can present insights on key phrases or dialog themes, the usage of scientific interventions – such as CBT – within the classes and how a lot time the clinician spent speaking vs. the affected person. Shoppers can even faucet into the device for insights about practice-wide care supply and affected person enchancment charges, in keeping with a press release from the corporate.
Eleos’ know-how 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 therapy and is anticipating to seize 30 million minutes by the top of the yr.
“Eleos Well being gives a novel method, by combining the ability of voice and Pure Language Understanding, along with enterprise-grade safety and compliance requirements within the scientific workflow. Eleos permits suppliers and payers to unlock the synchronization of behavioral, medical and SDoH knowledge, which results in improved outcomes and lowered clinician burnout,” Carl Byers, accomplice at F-Prime Capital, stated in a press release.
“We look ahead to working with this proficient staff as they take the following steps to scale the enterprise.”
This is not the one psychological health-focused firm seeking to incorporate voice know-how 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 melancholy, raked in $8 million in seed funding final yr and another $20 million in Series A financing in February.