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Slingshot AI raised $40M in Series A funding led by Andreessen Horowitz to advance its foundation model for psychology.

Jan 15, 2025•6 months ago

Amount Raised

$40 Million

Round Type

series a

New YorkHealth Care

Investors

Andreessen Horowitz

Description

Slingshot AI, focused on developing a foundation model for psychology, has successfully raised $40 million in a Series A funding round. The round was led by Andreessen Horowitz, indicating strong investor confidence in the company's vision and potential.

Company Information

Company

Slingshot AI

Location

New York, New York, United States

About

Slingshot AI is a team of machine learning and product engineers training task-specific generative models for psychology. Our mission is to use AI to make mental healthcare more accessible and to help people change their lives in the ways they want. We partner with organizations around the globe and power use cases, including AI-assisted crisis text response and AI counseling, while securing best-in-class datasets to power our models.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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