Sword Health, a virtual therapy company using AI, scored big by securing $130 million in funding.
Here’s a shorter version of the passage about Sword, an AI virtual therapy startup:
- Sword raised $130 million: This includes a $100 million employee stock sale and a $30 million funding round.
- Valuation Soars: The company’s valuation jumped to $3 billion, a 50% increase.
- Profitable Soon: Sword expects to be profitable by year-end, but raised capital for future growth and to signal success.
- Competition: Sword competes with Hinge Health (valued at $6.2 billion) in the virtual therapy market.
- IPO Potential: Sword aims for an IPO in 2025 if market conditions allow.
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