Videra secures $5.6 million in funding to broaden AI psychological well being care
Videra Well being, a synthetic intelligence (AI)-powered psychological well being evaluation platform, has secured a $5.6 million funding in its Seed II funding spherical.
The funding spherical was led by the American enterprise capital fund Peterson Ventures.
Different traders who participated on this spherical embody Epic Ventures, Mercato Companions and Philo Ventures.
Videra Well being will leverage this funding, together with the continued help of its traders, to broaden the supply and attain of its AI answer.
That is anticipated to additional help the large-scale transformation of psychological well being screening and monitoring companies utilizing AI video expertise.
By these efforts, the corporate finally goals to shut the hole within the psychological well being business whereas making improved care and remedy accessible to all.
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Videra Well being's answer depends on AI algorithms and machine studying (ML) applied sciences to investigate video information to detect refined behavioral modifications indicative of psychological sickness.
With the flexibility to display for points corresponding to postpartum despair, nervousness and suicide threat, Videra Well being's expertise gives a proactive strategy to psychological well being care.
The platform's real-time monitoring of affected person progress helps healthcare suppliers ship personalised remedy plans, probably easing strain on psychological well being suppliers and techniques.
Loren Larsen, CEO and co-founder of Videra Well being, mentioned: “At Videra Well being, we’re pushed by our mission to enhance the psychological well being of people worldwide.
“Our AI video expertise has the potential to vary the panorama of psychological well being screening and monitoring, making it extra accessible, correct and well timed than ever earlier than.”
Based on Videra Well being, the significance of this spherical of funding is underscored by the rising demand for psychological well being options, as estimates counsel that as much as half of the world's inhabitants will expertise a psychological well being dysfunction by age 75.
With a mean delay of 11 years earlier than signs are addressed and greater than 50% of affected people don’t obtain remedy, the price of untreated psychological sickness within the US alone is $282 billion yearly, the corporate mentioned.
Videra Well being mentioned its AI expertise addresses this problem by offering accessible and environment friendly psychological well being screening and monitoring companies.
