Videra Health Secures 5.6M in Funding to Advance Mental Health AI Solutions Led by Peterson Ventures
Summary
The companys solutions have the ability to screen and monitor conditions such as anxiety and postpartum depression and can proactively identify individuals at a higher risk of suicide ultimately saving lives. Our AI video technology has the potential to change the landscape of mental health screening and monitoring, making it more accessible, accurate, and timely than ever before.This announcement comes at a crucial moment. With half of the worlds population likely to experience a mental health disorder by age 75, there is a pressing need for effective and timely treatment. This results in an annual cost of $282 billion for untreated mental illness in the U.S. Videra Health tackles these issues by using AI technology to provide widespread and streamlined mental health screening and monitoring.We invested in Videra Health because we believe Videras team and technology are suited to address the increasingly large gap in mental healthcare that exists between in-person visits, said Ben Capell, Managing Director at Peterson Ventures. The platform streamlines diagnoses, enhances care accessibility, optimizes workflows and drives down costs for providers and healthcare systems.To read the full release click here.