Clare&me, an AI healthtech start-up from Germany, gets a boost with a $4 million funding round. Co-led by Munich-based HealthTech investor YZR, this round also features new investors Kodori Ventures and Material Ventures, in addition to angels and previous investors Antler.
Image Source: Finsmes
Vision of Clare&me
Clare&me is a self-help start-up founded in June 2021 by co-founders Celina Messner and Emilia Theye. Their journey started more than three years back before the emergence of ChatGPT. The founders had thought-provoking conversations regarding human relations with artificial intelligence and in particular, about mental health. In what respect should an AI be most human in this case. But how can an AI be clinically sound from a technological point of view. The result: The Mental Health AI is known by her first name, Clare.
Digital Psychotherapeutic Support
Clare is an AI technology that offers psychotherapy via voice-based communications on smart devices. People discuss concerns with Clare such as fear, stress, and panic. This is in light of the objectives mentioned of reducing high entry barriers, long waiting times, and stigmatization of mental health support. In contrast, Clare&me actively construct the boundaries of human-AI interactions, emphasizing ethical and justified thinking.
Empathic Clinical LLM (Large Language Model) and Clinical Automation
The target of the startup will be developing an empathic AI model for clinical scenarios. Think about an AI that can acknowledge and be caring concerning mental health. Clare&me aims to diversify its products through the development of clinical anamnesis interviews automation system. It will strengthen the end user’s confidence and provide a closer link between technology and mental healthcare clinics.
Image Source: Clare&me
Partnerships or Collaborations Clare&me is Exploring
Clare&me is therefore in relevant strategic partnerships and collaborations towards the fulfillment of its mission in enabling mental health technology. Clare&me is involved in a clinical trial with Charité – Berlin University Medicine as its research partner. The proposed research will explore whether Clare, their AI self-help program for mental health, is viable and successful. Clare&me has provided research in the form of peer-reviewed papers published in academic journals.
Their studies include conversational agent interventions, human-liked relationships with non-human agents, burnout, and artificial intelligence in mental health. Previous funding rounds include €3. 7 million led by YZR Capital, Kodori Ventures, and Material Ventures, show that Clare&me is focused on innovation and scaling. Clare&me partners with research universities and organizations disseminates papers and studies, and fundraises for effective interventions in mental health.
Conclusion
According to Markus Feuerecker, the Founding Partner of YZR Capital, the founders have done a great job and they are advancing at an incredible rate. It is seen that Clare&me has good technical qualities and are leaders in the mental health tech industry. The research funds act as an endorsement of their credibility to do the work professionally. Clare&me’s funding milestone propels them toward their mission is providing mental health assistance that is available, understanding, and scientifically sound.
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