New investment led by Khosla Ventures fuels Limbic’s clinical AI expansion with success in increasing access for underrepresented communities
New York and London, March 5, 2024–(BUSINESS WIRE)–Limbic, a leading clinical mental health AI technology, today raises $14 million in funding led by Khosla Ventures with participation from new investors including Gaingels, an LGBTQIA+/ally investment syndicate announced that it had raised a round. , and Illusian, the family office of Supercell co-founder Ilka Paananen.
Limbic’s mental health AI is used by over 260,000 patients across the UK’s National Health Service (NHS) for talking therapy. Limbic’s clinical AI has demonstrated increased access to mental health services, accelerated patient onboarding, reduced wait times, and improved quality of care.
This funding will expand the availability of Limbic’s clinical mental health AI to healthcare providers in the United States. The first US health systems and payers to use Limbic’s clinically-based AI solution developed for the world’s largest public health system in the NHS are expected to be announced in the coming months.
A recent study in Nature Medicine on Limbic used in the NHS found a significant increase in mental health referrals among ethnic and sexual minority groups. This includes a 179% increase in people who identify as non-binary, a 39% increase in Asian people, and a 40% increase in Black mental health patients. Additionally, a peer-reviewed study of Limbic revealed significant time savings across the current use of Limbic in the NHS, equivalent to 50,000 hours of clinician time.
“The global behavioral health sector is grappling with significant workforce supply challenges. Providers are experiencing burnout, services are stretched thin, and operating on thin margins,” Limbic said. said Dr. Ross Harper, CEO and co-founder of.
“Our recent funding reaffirms our commitment to scaling impactful, secure, and compliant mental health AI solutions. Developed to strengthen service providers, amplify expertise, and scale quality care to meet the needs of all people.It also improves business outcomes for service providers and empowers employees through improved operational performance. It also contributed to improving production capacity.”
“There is a critical shortage of mental health providers around the world,” said Vinod Khosla of Khosla Ventures. “AI enables the possibility of near-free access to such care for everyone, regardless of origin or socio-economic status. Limbic is at the forefront of this important and ambitious goal and We are proud to partner with them.”
“In addition to the strength of the business opportunity, Limbic’s success in supporting access to mental health care for ethnic minorities played a major role in our investment,” said Lorenzo Tione, Managing Director of Geingels. Stated. “Limbic’s use of artificial intelligence to increase participation in mental health services for LGBTQ+ and non-binary patients demonstrates how AI can measurably improve people’s lives through safe, universal and non-judgmental access. It’s a great example of what’s possible.”
In addition to increasing access to mental health care, Limbic empowers patients with the world’s first generative AI mental health care companion that supports users between treatment sessions. Powered by a sophisticated clinical AI brain, the seamless chatbot interface guides patients through a selection of 100 themed activities and educational materials, providing clinically rigorous mental health support on demand.
About Limbic
Limbic’s clinical mental health AI is proven in the world’s largest public health systems. Limbic has helped over 260,000 NHS patients start treatment, freeing up over 50,000 hours of her clinical time to NHS services and saving nearly 5-10 times the economic cost per additional user recovery. Limbic has also significantly increased the diversity of patients accessing mental health care.
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contact address
limbic@consortpartners.com
