Sword Well being Secures $130 Million and Introduces AI Healthcare Specialist
Sword Well being, a digital musculoskeletal care supplier, introduced Tuesday that it has raised a $130 million funding spherical. It additionally unveiled its new AI healthcare specialist that talks to customers and guides them by their periods.
New York Metropolis-based Sword Well being treats muscle and joint issues from the neck to the ankle. It additionally has a girls's well being program referred to as Bloom, which takes care of pelvic problems. The corporate serves each employers and medical insurance corporations. By way of Sword Well being's AI healthcare platform, sufferers acquire entry to a scientific specialist, customized applications, instructional content material and expertise that helps them by workout routines.
The $130 million funding spherical comes from each new and current buyers. The corporate didn’t identify the buyers on this spherical, however current buyers embody Khosla Ventures, Common Catalyst and Founders Fund. The spherical is “a mixture of main and secondary gross sales to offer liquidity to present and former staff and early buyers,” the announcement stated. In whole, Sword Well being has raised $340 million and is valued at $3 billion (a 50% enhance from the Sequence D valuation introduced in 2021). The corporate additionally informed MedCity Information that an IPO is feasible within the close to future.
Sword Well being's new AI healthcare specialist – referred to as Phoenix – has historic knowledge in regards to the situation and progress of sufferers. It may well talk verbally with customers, ask how they really feel and supply motivation. It additionally gives real-time suggestions throughout periods and makes ideas. The affected person's efficiency knowledge is then summarized after every session. This permits the physician to higher perceive the affected person's progress.
“Since I pioneered the brand new idea of AI Care throughout my PhD over a decade in the past, we’ve labored relentlessly to evolve it by many alternative iterations,” stated Virgilio “V” Bento, founder and CEO of Sword Well being, in a press release . “Now the launch of Phoenix represents the largest leap ahead of our mannequin to this point, and we’re very excited in regards to the affect this may have on the way in which the world accesses and receives care.”
Phoenix shall be rolled out over the course of 2024, first with Thrive, Sword Well being's bodily ache resolution, after which with Bloom, the corporate stated. It would finally be built-in throughout the corporate's complete platform.
Phoenix's funding and announcement comes at a time when roughly 1.71 billion folks worldwide have musculoskeletal circumstances, and these circumstances are the main reason behind incapacity, the World Well being Group reported. However in keeping with Vinod Khosla, founding father of Khosla Ventures, AI can dramatically enhance healthcare.
“AI is the one method to ship customized and accessible healthcare to everybody,” Khosla stated in a press release. “We made an early wager on Sword based mostly on their daring imaginative and prescient of making a brand new healthcare class powered by AI. Their execution was world-class and we’re excited to proceed working with them as they convey their AI Care platform to extra folks around the globe.”
Sword Well being isn't the one firm providing musculoskeletal assist. Others embody Hinge Well being and Kaia Well being.
Photograph: Sword Well being