Sword Health has raised $40 million in funding at a $4 billion valuation to support the launch of Mind, its new AI-powered mental health solution. The raise, led by General Catalyst, also saw participation from Khosla Ventures, Comcast Ventures and others.
Mind combines Sword’s proprietary AI therapist, Phoenix, with licensed clinicians and the wearable M-band device to deliver continuous, personalized mental health support. The offering is designed to address the limitations of traditional, episodic therapy by providing proactive, real-time care.
The funding will be used to accelerate Sword’s mergers and acquisitions strategy, support its global expansion and fuel the continued development of foundational AI models across major areas of care.
