Wysa, a Boston MA-based company that provides an AI-powered mental health platform, raised $5.5M in Series A funding.
The round was led by W Health Ventures with participation from Google Assistant Investment, pi Ventures and Kae Capital.
The company intends to use the fudns to expand its business reach, as well as scale up its sales team and therapist network.
Led by co-founder and CEO Jo Aggarwal, Wysa provides AI-driven mental health support, available both to individuals and through employer benefits programs. The platform helps in dealing with stress, depression, and anxiety with the help of an “emotionally intelligent” bot, which uses evidence-based cognitive-behavioral techniques (CBT), meditation, breathing and mindfulness exercises, as well as micro-actions to allow users to build mental resilience skills. For employers, Wysa offers a workplace solution that caters to the full spectrum of mental health needs. This solution embeds into existing company benefits, such as Employee Assistance Programs (EAP) or external health care provider networks, and can be customized by geography or cohort.
The HIPAA compliant platform has facilitated over 100 million conversations with more than 3 million users, and covers over 10 million lives in 65+ countries worldwide. Wysa works with 20 enterprise partners and 7 million employees worldwide, with partners that include Accenture Global, Aetna International, NHS, L’Oreal, Cincinnati Children’s Hospital Medical Center, and the Ministry of Health in Singapore.