Mindstrong scores $100M to monitor wellness via smartphone behaviors (MobiHealth News):
This morning digital mental health platform Mindstrong scored a whopping $100 million in Series C funding.
While Mindstrong has a history of solid funding rounds, this amount will more than double its total funding. In 2017 it got its first $14 million cash infusion. That was followed by a $15 million Series B funding round in June of 2018, which got a $31 million add-on in January of 2019, bringing the company’s total funding to just under $60 million before this news.
The company was first founded in 2014, but it made a splash in 2017 when former NIMH director Dr. Thomas Insel left his position at Verily to take on the role as president at Mindstrong. Insel is still involved in the company today in an advisory role…The technology also has a digital biomarker component. This can track a patient’s smartphone behaviors. While the startup will not see what a patient is doing on their phone, it can monitor how a patient taps, scrolls and types. It can look for indicators of stress, depression or other mental health factors.
News in Context:
- Why We Invested In Mindstrong Health by Stephen Hays, one of the investors in the round
- Mindstrong Health recruits slew of Silicon Valley talent
- Mindstrong Health raises $14 million to modernize the diagnosis and treatment of neuropsychiatric disorders via artificial intelligence (AI) and smartphones
- The FDA creates new Digital Health unit to reimagine regulatory paths in the age of scalable, AI-enhanced innovation
- Kaiser Permanente offers Calm mental fitness app at no cost to millions of members
- New report: Empowering 8 Billion Minds via Ethical Development and Adoption of Neurotechnologies
- Five reasons the future of brain enhancement is digital, pervasive and (hopefully) bright
- Three ways to protect your mental health during –and after– COVID-19
- Ten neurotechnologies about to transform brain enhancement & health
- 10 highlights from the 2019 SharpBrains Virtual Summit