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- Weekly Roundup - Sage’s $8M Breakthrough, VR for Depression
Weekly Roundup - Sage’s $8M Breakthrough, VR for Depression
Plus, the Workplace Wellness Disruptors
Jean-Michel Van
November 17, 2024
Hey there, wellness mental health trailblazers!
Welcome to this month's Mindtech Bytes, your go-to source for the latest in mental health tech and AI innovation.
Let's dive into what's making waves in the world of digital wellness!
What's new today?
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This Week's Highlights.
AI Assistants Elevate Mental Health Support
Jimini Health is pushing the boundaries of AI-assisted mental healthcare with their latest $8 million funding round. Their AI assistant, Sage, is designed to enhance talk therapy by conducting in-depth patient intakes and offering 24/7 messaging support11. This continuous engagement could be a game-changer in helping patients retrain their brains between sessions.
Workplace Wellness Gets a Tech Boost
SBC Medical is launching SBC Wellness, a new B2B solution aimed at enhancing employee benefits programs. This initiative could strengthen employee recruitment and retention efforts, ultimately leading to healthier, happier, and more engaged workers.
With the Japan corporate wellness market estimated to reach $7.423 billion by 2028, this move taps into a growing trend of prioritizing employee wellbeing
Virtual Reality Transforms Mental Health Treatment
The UK's Innovate UK Mindset programme is driving significant growth in immersive digital mental health solutions. With £20 million in funding, the program has supported 24 projects developing therapeutic VR interventions for conditions like depression, hearing voices, and autism spectrum disorder. This investment in XR technologies showcases the potential for immersive experiences to revolutionize mental health care.
Who's Disrupting Healthcare This Week?
Upheal: Secured $10 million in Series A funding to enhance their AI-powered mental health platform for clinicians
Kyan Health: Raised €15.8 million to advance their AI-driven platform for employee mental health and wellbeing
Minu: Bagged $30 million in Series B funding for their employee wellness platform, offering over 50 wellness benefits
Little Journey: Secured £6 million Series A investment to transform paediatric care through personalized psychological support
Paloma Health: Raised £2 million in pre-seed funding to tackle NHS waiting lists for autism assessments
Quick Hit: Men's Health Awareness Month
November is Men's Health and Mental Health Awareness Month, tying in with International Men's Day UK on November 19th and the Movember campaign.
With male suicide rates continuing to rise, it's crucial to raise awareness and provide safe spaces for men to discuss health issues.
Events throughout the month will focus on topics like positive male role models, workplace wellbeing, and testicular cancer awareness.
Mental Health Trivia Challenge
Test your knowledge and learn something new about mental health! Question of the week: According to recent data, what percentage of UK GDP is estimated to be the cost of mental health issues to the economy?
A) 2%
B) 3%
C) 4%
D) 5%
Until next time, keep pushing those wellness boundaries!
Resources
🔎 Browse companies in our Wellness / Mental Health company Database!
💰 Raising money? Check out our database of Wellness Funds, Investors and Business Angels in the space.
(Answer: D) 5% - The cost to the UK economy is estimated to be at least £117.9 billion per year, which is about 5% of UK gross domestic product