Oasys Health, a New York-based company focused on behavioral health, has secured $4.6 million in new funding. This investment will help enhance their AI platform, improve integration with health wearables and apps, and expand their team.
Funding Details
The funding round included a $4 million seed investment led by Pathlight Ventures, with contributions from Twine Ventures and Better Ventures. Additionally, Oasys secured $600K in pre-seed funding from 1984 Ventures.
About the Investors
- Pathlight Ventures targets early-stage tech startups, especially in healthcare and AI.
- 1984 Ventures focuses on seed funding for software-driven startups, particularly in healthcare tech.
Oasys Health and Its Purpose
Oasys Health, under the leadership of CEO Hashem Abdou, is transforming how behavioral health is delivered. Their AI platform integrates data from wearables and health apps to streamline operations in clinics. With features like automation for billing and scheduling, they aim to reduce burnout among healthcare providers and improve patient care.
Why This Matters
The mental health industry is growing rapidly. According to the World Health Organization, depression and anxiety alone cost the global economy $1 trillion each year. Innovative solutions, like those offered by Oasys, are crucial for making mental healthcare more efficient and accessible.
Looking Ahead
With this new funding, Oasys aims to deepen its partnerships with clinics and educational institutions, paving the way for improved mental health care. The integration of technology in healthcare isn’t just a trend—it’s a necessity.
For more information, check out their website here.
