What does Sword Health do?
Sword Health is an AI care company based in NYC that shifts healthcare from a human-first to an AI-first model. The company leverages its innovative AI care platform to deliver accessible, anytime, and cost-effective healthcare solutions for various organizations including payers, self-insured employers, and national health systems.
How much did they raise?
Sword Health raised $40M in Series A funding at a $4 billion valuation. The round was led by General Catalyst with participation from Khosla Ventures, Comcast Ventures, Lince Capital, Oxy Capital, Armilar, Indico Capital, and Shilling.
What are their plans for the money?
The company plans to use the funds to accelerate its mergers and acquisitions momentum, support global expansion, and continue developing its foundational AI models. It also aims to scale its new AI-powered mental health solution, Mind, which integrates AI with licensed clinicians for continuous and personalized care.
What have they achieved so far?
Since 2020, Sword Health has made significant strides by completing 6.5 million AI sessions for over 500,000 members across three continents, helping its 1,000+ enterprise clients save nearly $1 billion in unnecessary healthcare costs.