Mentaily, a Ramat Gan, Israel-based creator of AI-powered tools for mental health assessment, triage, and diagnosis of mental disorders, closed a $3m seed funding round.
The round was led by a US-based family office and Israeli family offices, with participation from impact funds The Rashi Foundation and Sheatufim, and prominent digital health angel investors.
The company intends to use the funds for ongoing development and expansion both locally and into select international markets.
Founded in 2024 by Iris Shtein, who serves as the company’s CEO, Guy Yachin, a serial Israeli-American entrepreneur, and senior clinicians from Sheba Medical Center: Prof. Mark Weiser, Dr. Asaf Caspi, and Dr. Daniel Cohen, Mentaily aims to address complex mental health needs emerging in times of crisis and trauma. The company’s first AI-powered product, LIV, simulates clinical psychiatric intake sessions and helps diagnosis psychological distress and mental illness, with high accuracy.
The AI platform supports multilingual, natural-language conversations through voice or text, optionally featuring AI avatar to deliver a personalized and scalable approach to mental health triage. The technology was created as a joint effort between ARC (Accelerate, Redesign, Collaborate) Innovation Center and the Drora and Pinchas Zakai Department of Psychiatry at Sheba Medical Center, along with Microsoft and KPMG.
In addition to serving the general population, LIV supports security forces through collaborations with the Directorate of Defense Research & Development (DDR&D) and Israel’s Ministry of Defense. Future versions of the platform will be customized for additional populations, including children, adolescents, and women.
It is already in use across hospitals, HMOs, rehabilitation centers, and government organizations across Israel.
The company is actively recruiting to support its expansion.
FinSMEs
14/05/2025