Slingshot AI Raises $30 Million in Seed Round

Slingshot AI Raises $30 Million in Seed Round

Slingshot AI, a New York- and London-based AI mental health startup, has raised approximately $30 million in seed funding.

The round was led by Andreessen Horowitz (a16z), with participation from Felicis Ventures, BoxGroup, Gokul Rajaram, Jerry Murdock, Bryan Baum, Sumeet Gajri, Arjun Sethi, Mike Stoppelman, Liu Jiang, Cory Levy, and David Cahn.

Andreessen Horowitz (a16z) is a venture capital firm that supports bold entrepreneurs building the future through technology. The firm invests in seed, venture, and growth-stage technology companies and has $43 billion in assets under management across multiple funds.

The company plans to use the funds to expand its operations and development efforts.

Founded in 2022 by Daniel Reid Cahn and Neil Parikh, Slingshot AI is an AI mental health research lab focused on developing large language models for behavioral health. The company partners with mental health providers globally to enhance support for individuals everywhere. Its mission is to leverage AI to make mental healthcare more accessible and to help people achieve their desired life changes.

Funding Details

Company: Slingshot AI

Raised: $30.0M

Round: Seed Round

Funding Date: August 2024

Lead Investor: Andreessen Horowitz (a16z)

Additional Investors: Felicis Ventures, BoxGroup, Gokul Rajaram, Jerry Murdock, Bryan Baum, Sumeet Gajri, Arjun Sethi, Mike Stoppelman, Liu Jiang, Cory Levy, David Cahn

Company Website: https://www.slingshot.xyz/

Software Category: Mental Health Care