In a nutshell:
- Czech-founded Upheal, a platform for mental health clinicians, raised $3.25M for therapy notes transcription.
- The round was led by Credo Ventures, with the participation of KAYA VC and Inovia Capital. Several angel investors also joined the round, including Martin Viecha, VP of Investor Relations at Tesla, and Aakash Desai of Decoder Ventures.
- Upheal plans to raisе a Series A in the next 2 years.
The Background Story:
Established in 2021, the Czech-US startup Upheal brings the first AI-powered mental health platform for clinicians to save time through note-taking and transcribing sessions, secure video calling, and organizing the data into summaries, highlights, and other analytics.
Upheal was founded in 2021 by two Slovaks Juraj Chrappa and Martin Horváth living in the Czech Republic as a reaction to online therapies caused by the pandemic. They wanted to assist mental health professionals with a tool that allows them to focus entirely on their patients.
By using Upheal, therapists can streamline their clinical workflows, saving time on administrative tasks like writing progress notes and treatment plans.
Why it matters:
According to data from the APA, almost half of therapists reported feeling burned out in 2022. To help reduce clinician burnout, Upheal is leveraging AI to streamline clinical workflows for therapists.
The tool analyzes details that could be overlooked and provides an impartial assessment based on data points like speech cadence, talking ratio, and moments of silence, all in detailed session graphs.
According to Upheal’s data, the company is now processing 25K therapy and psychiatry sessions monthly.
In their own words:
“AI is no longer a distant future, but a powerful tool accessible to all. We’re committed to building compliant, time-saving AI solutions that therapists find easy to use. Whether you’re a solo practitioner or a large clinic, our combination of proprietary and foundational AI models delivers notes and insights with remarkable accuracy and robust compliance. We support everything from in-person sessions, and third-party telehealth platforms, to integrations via API,” said Martin Horvath, Co-Founder & CTO.
