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Worker-focused psychological well being firm Journey is buying Felt, a startup previously often called 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 gives 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 assist 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 potential to make emotional wellness assist not simply accessible, but additionally customized.
“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 assist and revolutionizing the best way individuals join with suitable therapists.”
Felt’s know-how leverages pure language processing and machine studying to research the elements that result in paring between a person and a therapist. The know-how considers elements akin to communication kinds, character traits and shared values and extra to foretell compatibility. Whereas Felt’s know-how was initially designed for a consumer-facing app, it will likely be built-in into Journey’s backend product.
Journey CEO and founder Stephen Sokoler advised TechCrunch that Felt’s know-how can be built-in into the corporate’s Proactive EAP platform. The corporate plans to pair Felt’s AI-based know-how with its current human-enabled therapist pairings to be able to higher match workers with therapists. Staff who’re a part of Journey’s platform are supplied entry to Masters-Degree Clinicians, who after understanding the wants of the worker, will mix their experience with Felt’s know-how to search out the right match.
The acquisition comes a bit of over two years after Felt raised $3.5 million in a seed funding spherical led by Pay attention Enterprise.
Journey has raised $6 million in funding so 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 extra capital.