Digital behavioral well being firm SonderMind has acquired Qntfy, a predictive-analytics platform that makes use of psychological well being biometric knowledge to counsel potential therapy choices.
“Qntfy was all the time rooted in making knowledge work for the person,” Qntfy founder Glen Coppersmith stated in a press release. Coppersmith will function chief knowledge officer at SonderMind.
“I’m thrilled to be working with SonderMind to enhance how knowledge will also be used to create a extra customized, efficient psychological well being system.”
WHY IT MATTERS
SonderMind’s platform connects sufferers with therapists for digital and in-person visits, whereas managing operations like funds and the telehealth suite. The corporate stated the deal will enable it to ship customized care utilizing knowledge with out loading that further work on psychological healthcare suppliers.
“Recruiting Glen and the Qntfy group provides further depth to the great SonderMind expertise,” Mark Frank, cofounder and CEO of SonderMind, stated in a press release. “This finally will get individuals higher extra shortly, extra successfully, and at much less value over time.”
Psychological well being has been front-of-mind for a lot of sufferers and healthcare suppliers in the course of the COVID-19 pandemic. A Kaiser Household Basis evaluation confirmed about 4 in 10 adults within the U.S. reported signs of tension or despair in the course of the pandemic, in contrast with just one in 10 from January to June 2019.
THE LARGER TREND
In July, SonderMind introduced it had raised $150 million in Collection C financing, bringing its whole funding pot to $183 million. The corporate scored $27 million in April 2020 and $2.5 million in Might 2018.
The behavioral and psychological well being area is an enormous funding alternative inside digital well being. Rock Well being’s evaluation of digital well being funding discovered psychological well being continued to be the main clinical-indication space for funding, bringing in $3.1 billion thus far this 12 months.
Different corporations within the digital psychological well being embody Headspace Well being, the title for newly the merged Ginger and Headspace, Meru Well being, Trendy Well being and Unmind.