Slingshot AI Secures $30M in Seed Funding to Advance AI Mental Health Solutions
Slingshot AI is aiming to revolutionize the mental health industry by utilizing AI-driven technologies to address the growing demand for accessible and effective mental health care.
Company Name: Slingshot AI
Locations: New York, NY, and London, UK
Sector: AI Mental Health
Funding Details: Raised approximately $30 million in seed funding. The round was led by Andreessen Horowitz (a16z), with participation from Felicis Ventures, BoxGroup, and individual investors including Gokul Rajaram, Jerry Murdock, Bryan Baum, Sumeet Gajri, Arjun Sethi, Mike Stoppelman, Liu Jiang, Cory Levy, and David Cahn.
Purpose of Investment: The company plans to use the funds to expand its operations and accelerate its development efforts.
Product and Innovation: Founded in 2022 by Daniel Reid Cahn and Neil Parikh, Slingshot AI is an AI mental health research lab dedicated to developing large-language models tailored for behavioral health. The company collaborates with mental health providers worldwide to enhance their ability to provide comprehensive support to individuals on a global scale. Through its innovative approach, Slingshot AI aims to bridge the gap in mental health care by leveraging AI to deliver personalized and effective mental health solutions.
About the Company: Slingshot AI aims to revolutionize the mental health industry by utilizing AI-driven technologies to address the growing demand for accessible and effective mental health care.
