Slingshot AI Secures $30M in Seed Funding

Slingshot AI, a startup focused on using AI to enhance mental health services, has secured around $30 million in seed funding. The company, based in New York and London, is gaining momentum in the mental health tech space.

• Company Overview: Co-founded in 2022 by Daniel Reid Cahn and Neil Parikh, the startup focuses on creating AI tools for behavioral health and collaborates with mental health providers worldwide to offer enhanced support.

• AI-Powered Therapist: The company recently launched its first product, an AI counselor named Ash. Ash communicates with users via speech or text, offering advice and support similar to a human therapist, while retaining memory of past conversations.

• Key Investors: The funding round was spearheaded by Andreessen Horowitz (a16z), with participation from prominent investors like Felicis Ventures, BoxGroup, Gokul Rajaram, Jerry Murdock, Bryan Baum, Sumeet Gajri, Arjun Sethi, Mike Stoppelman, Liu Jiang, Cory Levy, and David Cahn.

• Research Focus: The company is dedicated to developing large-language models that aim to transform mental health services globally.

• Expanding Operations: Slingshot AI plans to use the capital to scale its operations and accelerate development efforts.

This investment is expected to fuel Slingshot AI’s mission to revolutionize how mental health care is delivered across the world.