Home Neural Network Journey acquires psychological well being startup Felt to boost its worker help program

Journey acquires psychological well being startup Felt to boost its worker help program

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Journey acquires psychological well being startup Felt to boost its worker help program

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Worker-focused psychological well being firm Journey is buying Felt, a startup previously referred to as Mine’d that makes a speciality of matching people with therapists utilizing synthetic intelligence. The monetary phrases of the deal weren’t disclosed. Journey, which affords a psychological well being worker help program utilized by corporations like Walgreens and Common Music Group, says the acquisition aligns with its mission to revolutionize worker well-being and psychological well being help whereas leveraging the facility of AI.

Felt co-founder and CEO Aaron Albert advised TechCrunch that the startup’s acquisition is a pure development of its imaginative and prescient because it amplifies the corporate’s means to make emotional wellness help not simply accessible, but in addition personalised.

“Becoming a member of forces with Journey allows us to leverage our AI-driven matching improvements on a bigger scale, reaching extra people by way of their in depth community,” Albert stated. “It aligns completely with our foundational purpose of easing entry to efficient psychological well being help and revolutionizing the way in which folks join with appropriate therapists.”

Felt’s expertise leverages pure language processing and machine studying to research the components that result in a superb paring between a consumer and a therapist. The expertise considers components corresponding to communication kinds, character traits and shared values and extra to foretell compatibility. Whereas Felt’s expertise was initially designed for a consumer-facing app, will probably be built-in into Journey’s backend product.

Journey CEO and founder Stephen Sokoler advised TechCrunch that Felt’s expertise will likely be built-in into the corporate’s Proactive EAP platform. The corporate plans to pair Felt’s AI-based expertise with its present human-enabled therapist pairings with a view to higher match workers with therapists. Workers who’re a part of Journey’s platform are offered entry to Masters-Degree Clinicians, who after understanding the wants of the worker, will mix their experience with Felt’s expertise to seek out the right match.

The acquisition comes a bit over two years after Felt raised $3.5 million in a seed funding spherical led by Hear Enterprise.

Journey has raised $6 million in funding thus far in a number of rounds previous to the pandemic, led by Canaan Companions, Courtside Ventures, Betaworks, BDMI, HealthTech Capital and others. The corporate says it has grown 800% since then and doesn’t have to or plan to lift further capital.

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