PYMNTS.com October 14, 2024
Investors are pouring money into startups developing artificial intelligence (AI) for mental health care, betting on technology to boost efficiency and profits in the rapidly growing sector.
Yung Sidekick, a Miami-based company creating an AI platform for mental health professionals, recently secured $825,000 in pre-seed funding. The deal exemplifies a larger trend of health tech firms leveraging AI to streamline operations, potentially reduce costs, and scale services in an industry struggling to meet surging demand.
“One of the biggest innovations driving the growth of AI mental health software is the advancement in voice technology,” Kathleen Perley, GenAI professor at the Jones Graduate School of Business (Rice Business) at Rice University, told PYMNTS. “Not only do these AI systems sound...
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