Behavioral Health Business
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With \$93M Raised, Slingshot Debuts AI-Powered Therapy Service
Behavioral Health Business reported Slingshot AI's launch of Ash, an AI therapy tool, as the company closed a Series A extension led by Radical Ventures and Forerunner Ventures, bringing its total raise to $93 million.
Behavioral Health Business editor Laura Lovett reported Slingshot AI's debut of Ash, an AI-powered mental health tool, alongside a Series A extension led by Radical Ventures and Forerunner Ventures that brought the company's total raise to $93 million. The piece describes Ash as accessible by talk or text, designed to recognize a user's patterns, surface insights, and remember prior conversations so each session picks up where the last left off. It notes the tool was trained on a diverse behavioral health dataset spanning CBT, DBT, ACT, psychodynamic therapy, and motivational interviewing, adapting its approach to each user. Cahn, a former Imperial College London researcher, said the team "built Ash from the ground up" to address a system where "59.2 million Americans sought therapy in 2023" yet many go without care. The article also cites Dartmouth research finding an AI chatbot achieved results comparable to "gold standard cognitive therapy."

