Behavioral Health Business November 8, 2023
Eleos Health has raised $40 million in its Series B round, giving the AI-focused startup a total of $68 million raised since its founding in 2020.
The company uses AI to quantify therapy sessions, converting live audio into documentation and care quality tracking data. Menlo Park, California-based venture capital firm Menlo Ventures led the funding round.
The new capital will pay for product development, staffing expansions and adding new electronic health records and industry associations to its system. Eleos said it will hire more than 50 people by the end of 2024.
It employs 95 people today and has offices in Boston and Tel Aviv.
“We started Eleos after personally witnessing the immense administrative barriers facing clinicians — through...
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