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Mental health meets the digital revolution: Mindstrong Health raises $14 million to modernize the diagnosis and treatment of neuropsychiatric disorders via artificial intelligence (AI) and smartphones

Mindstrong Health Raises $14 Million in Series-A Funding (press release):

“Mindstrong Health, a startup transforming the diagnosis and treatment of neuropsychiatric disorders through the power of AI and ubiquitous mobile technology, today announced that it has secured a $14 million round of Series-A funding. Led by Foresite Capital and ARCH Venture Partners, the round included participation from Optum Ventures, Berggruen Holdings and the One Mind Brain Health Impact Fund. The investment will be used to build Mindstrong’s elite technology and clinical operations team to support large-scale research and development.

“All modern medicine is based on objective measurement, yet tracking mental health has been limited to subjective reports in a clinical environment,” said Dr. Paul Dagum, founder and CEO of Mindstrong Health. “To improve outcomes for people with mental disorders, we need the kind of objective measures we have for other chronic diseases like diabetes and heart disease. Mindstrong’s technology delivers continuous, objective measures of behavior and cognition at a level of resolution and insight that has never been possible.”

“What excites me about Mindstrong is the transformation of an individual’s patterns of typing or scrolling on a smartphone into precise measures of cognitive function,” said Dr. Tom Insel, co-founder and President of Mindstrong Health. “This new, powerful approach to assessment serves as the foundation for developing better interventions to improve mental health care. Mental disorders are global health problems. With smartphones we have a potential global solution.”

News in Context:

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via SharpBrains https://sharpbrains.com

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