Woebot Labs, Inc., a San Francisco, CA-based developer of a research-backed mental health chatbot, raised $8m in Series A funding.
The round was led by New Enterprise Associates (NEA) with participation from Andrew Ng’s newly launched AI Fund.
The company will use the funds to further develop the AI technology powering Woebot and expand the delivery of mental health care worldwide.
Led by CEO and Founder Dr. Alison Darcy, Woebot has created a mental health chatbot supported by a controlled research trial, which demonstrated reduction in symptoms of depression and anxiety after two weeks.
Woebot is currently available on Facebook Messenger and the iTunes App Store.
The announcement comes in advance of the Woebot app release for Android, coming later this month.