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Mental health meets the digital revolution: Mindstrong Health raises $14 million to modernize the diagnosis and treatment of neuropsychiatric disorders via artificial intelligence (AI) and smartphones

Mind­strong Health Rais­es $14 Mil­lion in Series‑A Fund­ing (press release):

Mind­strong Health, a start­up trans­form­ing the diag­no­sis and treat­ment of neu­ropsy­chi­atric dis­or­ders through the pow­er of AI and ubiq­ui­tous mobile tech­nol­o­gy, today announced that it has secured a $14 mil­lion round of Series‑A fund­ing. Led by Fore­site Cap­i­tal and ARCH Ven­ture Part­ners, the round includ­ed par­tic­i­pa­tion from Optum Ven­tures, Berggru­en Hold­ings and the One Mind Brain Health Impact Fund. The invest­ment will be used to build Mind­strong’s elite tech­nol­o­gy and clin­i­cal oper­a­tions team to sup­port large-scale research and devel­op­ment.

All mod­ern med­i­cine is based on objec­tive mea­sure­ment, yet track­ing men­tal health has been lim­it­ed to sub­jec­tive reports in a clin­i­cal envi­ron­ment,” said Dr. Paul Dagum, founder and CEO of Mind­strong Health. “To improve out­comes for peo­ple with men­tal dis­or­ders, we need the kind of objec­tive mea­sures we have for oth­er chron­ic dis­eases like dia­betes and heart dis­ease. Mind­strong’s tech­nol­o­gy deliv­ers con­tin­u­ous, objec­tive mea­sures of behav­ior and cog­ni­tion at a lev­el of res­o­lu­tion and insight that has nev­er been pos­si­ble.”

What excites me about Mind­strong is the trans­for­ma­tion of an indi­vid­u­al’s pat­terns of typ­ing or scrolling on a smart­phone into pre­cise mea­sures of cog­ni­tive func­tion,” said Dr. Tom Insel, co-founder and Pres­i­dent of Mind­strong Health. “This new, pow­er­ful approach to assess­ment serves as the foun­da­tion for devel­op­ing bet­ter inter­ven­tions to improve men­tal health care. Men­tal dis­or­ders are glob­al health prob­lems. With smart­phones we have a poten­tial glob­al solu­tion.”

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Categories: Cognitive Neuroscience, Health & Wellness, Technology

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As seen in The New York Times, The Wall Street Journal, BBC News, CNN, Reuters,  SharpBrains is an independent market research firm tracking how brain science can improve our health and our lives.

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