Spring Health, founded in 2016, provides a comprehensive mental health solution for employers and health plans. The company's platform, Precision Mental Healthcare, applies machine learning and clinically validated technology to analyze individual data and match members with appropriate care options, including mindfulness, coaching, therapy, or medication management. The company reports that members recover eight weeks faster than through traditional solutions, with a satisfaction rate of 9.4 out of 10.
The company's technology stack centers on machine learning and clinically validated systems. Its engineering work supports a platform serving over 20 million covered lives globally, operating in more than 40 countries and supporting over 20 languages. More than 450 partner companies use the service, ranging from Fortune 500 corporations to startups. The platform's clinical efficacy is backed by over 30 publications in top medical journals.
Spring Health raised its Series E round, reaching a valuation of $3.3 billion. The company partners with employers and health plans across global markets, with a stated focus on evidence-based and validated approaches to mental healthcare.
