Sword healthwho registers itself as shifting health care from Mens’ first to AI-First via his AI care program, announced that it collected $ 40 million, which has raised its total financing to $ 380 million and raised its appreciation of $ 4 billion.
The round was led by existing investor General Catalyst, with the participation of Comcast Ventures, Oxy Capital, Khosla Ventures, Indico Capital, Armilar, Lince Capital and Shilling.
The founder and CEO of the company, Virgilio Bento, reportedly told Techcrunch That the company can pursue an IPO by 2028.
What it does
The New York-based company develops physiotherapy programs for pelvic health and muscle and joint pain.
The company also offers physical health education and drugs, pain relief exercises and access to clinical pain specialists. It states that his AI tools can also detect and be affected with a high risk members to prevent the costs related to unnecessary operations.
In addition to the announcement of the financing, the company announced that it is now entering the mental health space, his new offer reveals, spirit.
Mind combines AI with specialists in the field of mental health care to provide 24/7 care. Sword will also offer its M-band, a patented portable device that can detect early indicators of depression and anxiety. The company says that the band makes ‘proactive outreach through spiritists’ possible.
Sword will use the funds to support its global expansion, further develop AI models in various care areas and accelerate its momentum in mergers and acquisitions.
“We have re-established the care provision from the ground-an age-old, labor-intensive model with AI inserted that is taking away barriers for world-class care for everyone who needs it,” Bento said in a statement.
“This financing is a milestone with which we can deepen our fundamental AI examination and our expansion in new vertical health care such as mental health accelerating-a field that is still dominated by harmless and ineffective models of real life-changing care for millions who struggle with mental health all over the world.”
Market Snapshot
In January, Sword Health acquired in a British hero in the UK in a transaction with an all-equity. Surgery Hero offered digital health instruments that were aimed at improving the surgical results of patients. The range was integrated into the Sword Health platform and the team came to Sword.
Last year, Sword Secure $ 130 million in a series E -round through a mix of primary and secondary turnover, which resulted in its appreciation to $ 3 billion.
In 2021, Sword announced that it brought $ 163 million in series D financing. The heavily over -drilled round brought the total primary and secondary transactions in invested in more than $ 320 million in sword. De Ronde brought its appreciation to $ 1.8 billion.
The company stated that the primary round of $ 163 million was followed by an extra $ 26 million in a secondary transaction, which produced the company’s valuation to $ 2 billion.
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