HomeUSAEleos Raises $60M in Series C Funding

Eleos Raises $60M in Series C Funding

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Eleos

Eleos, a Boston, MA-based company which specializes in AI for behavioral health, raised $60M in Series C Funding.

The round, which brought the total amount to $120M, was led by Greenfield Partners, with participation from existing investors such as F-Prime Capital, Eight Roads, Menlo Ventures and ION, and new ones, including the Michael & Susan Dell Foundation, Union Tech Ventures and Centerstone.

The company intends to use the funds to accelerate new product offerings, hiring and expansion into more behavioral health settings and markets.

Led by CEO Alon Joffe, Eleos uses a dataset of real-world treatment sessions to empower proprietary behavioral health AI technology and is a behavioral healthcare company to leverage multimodal large language models (MM-LLMs) to process multiple data input types simultaneously. A recent randomized controlled trial (RCT) found Eleos improved progress note submission times by more than 80% while doubling client engagement and improving care outcomes by a factor of 3-4x when compared to treatment as usual (TAU).

FinSMEs

22/01/2025

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