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Woebot Health Secures $9.5 Million Investment From Leaps By Bayer

Mar 15, 2022•almost 4 years ago

Amount Raised

$9.5 Million

San Francisco

Description

Woebot Health today announced that Leaps by Bayer, the impact investment arm of Bayer AG, has made a $9.5 million strategic investment in the company to help accelerate further development of its AI-powered behavioral health platform and products. The stake in Woebot Health marks Leaps by Bayer's first investment in mental health, broadening a portfolio defined by a commitment to address the global need for pioneering solutions that deliver engaging and continuous care. The announcement follows Woebot Health’s $90 million Series B round in 2021 and brings total investment in the company to date to $123.5 million.

Company Information

Company

Woebot Health

Location

San Francisco, California, United States

About

Founded in 2017, Woebot Health has created relational technologies that underpin a new generation of digital therapeutics and tools for mental health. The company’s proprietary relational agent, Woebot, is capable of quickly forming a bond with users and delivering human-like therapeutic encounters that are psychologically related, responsive to a person’s dynamic state of health, and targeted using multidisciplinary tools. Woebot is at the heart of the company’s AI-powered platform and the foundation for digital therapeutics and tools that seamlessly integrate within health ecosystems and solve for gaps along the health care journey. For more information, please visit woebothealth.com or follow Woebot on Facebook, Twitter and LinkedIn.