Kintsugi has successfully raised significant funding to advance its mental health technology solutions, although specific figures are not disclosed. The company offers innovative platforms like Kintsugi Voice API and the Kintsugi App, which leverage voice biomarkers to enhance mental health care.
Keep reading to explore the intricacies of Kintsugi's fundraising journey and the investors backing this transformative platform.
What Is Kintsugi?
Kintsugi, founded by Grace Chang, is a pioneering company in mental health technology. Established in 2022, the company leverages voice biomarkers to identify and address mental health challenges.
Based in an undisclosed location, Kintsugi integrates its technology with call centers, telehealth systems, and remote patient monitoring apps. They also offer a journaling and self-care app powered by voice.
While the exact number of employees is not specified, Kintsugi continues to grow and innovate in the mental health sector.
How Much Funding Has Kintsugi Raised?
- Seed Round
- Amount Raised: $8,000,000
- Date: August 2021
- Lead Investors: Acrew Capital, National Science Foundation
- Motivation Behind the Round: To fuel the building of KiVA, Kintsugi’s API platform, and scale its commercialization for healthcare payers.
- Series A
- Amount Raised: $20,000,000
- Date: March 2022
- Lead Investors: Insight Partners
- Motivation Behind the Round: To build out its staff and scale up the adoption of its AI technology for detecting mental health conditions.
Total Amount Raised: $28,000,000
Current Valuation: $100,000,000 (~estimated)
Key Investors
- Insight Partners
- Details: Insight Partners is a New York-based global venture capital and private equity firm. They focus on growth-stage investments in software and internet businesses.
- Investment Focus Areas: Technology, software, internet businesses
- Notable Investments: Twitter, Shopify, DocuSign
- Acrew Capital
- Details: Acrew Capital is a venture capital firm that invests in early-stage companies. They aim to support innovative startups with a focus on long-term growth.
- Investment Focus Areas: Early-stage technology, fintech, cybersecurity
- Notable Investments: Chime, Exabeam, Pie Insurance
- Darling Ventures
- Details: Darling Ventures is a venture capital firm focused on early-stage investments. They support startups that are driving innovation in various sectors.
- Investment Focus Areas: Early-stage technology, innovation, digital health
- Notable Investments: Not specified
- National Science Foundation
- Details: The National Science Foundation is a government agency that supports fundamental research and education in all the non-medical fields of science and engineering. They provide grants to promote scientific progress.
- Investment Focus Areas: Scientific research, engineering, education
- Notable Investments: Various scientific research projects
- Alpha Edison
- Details: Alpha Edison is a venture capital firm that invests in technology and innovation. They focus on companies that are solving complex problems with unique solutions.
- Investment Focus Areas: Technology, innovation, consumer services
- Notable Investments: The RealReal, Clutter, Notable Labs
What's Next for Kintsugi?
As Kintsugi looks to the future, the opportunities are vast. The company is poised to integrate its voice biomarker technology into clinical call centers, telehealth platforms, and remote patient monitoring apps. This expansion could see their technology used in millions of patient phone calls, providing real-time mental health assessments and significantly improving patient care.
With the growing adoption of AI in healthcare, Kintsugi is well-positioned for further fundraising. The success of their previous rounds suggests potential for additional investments to scale operations and enhance their technology. However, challenges such as ensuring the accuracy of AI diagnostics and navigating regulatory requirements remain. Addressing these will be crucial for Kintsugi's continued growth and success.
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