Sword Health secures $40 million in funding and delays IPO plans until at least 2028
Sword Health, a digital health company that uses AI tools to provide physical therapy, has raised $40 million in a Series C funding round. The funding was led by global venture capital firm Crisp, bringing the company’s total funding to $100 million. With this new investment, Sword Health’s valuation has reached a staggering $4 billion.
Delaying IPO plans
Sword Health originally planned to go public through an IPO in the near future, but with this new funding, the company has decided to delay its IPO plans until at least 2028. According to Sword Health’s CEO and co-founder, Virgílio Bento, this decision was made in order to focus on growth and expanding the company’s services. Bento also stated that Sword Health is confident in its ability to continue gaining traction in the market and reaching profitability without going public for now.
Tokenized AI
Sword Health is known for its innovative use of tokenized AI technology, which allows for personalized and remote physical therapy sessions. The company’s virtual therapist, dubbed “Yuri,” uses advanced algorithms and machine learning to create individualized treatment plans for patients. This technology has been especially valuable during the COVID-19 pandemic, when many people were unable to access in-person physical therapy sessions.
Market Pulse
The AI funding news and Sword Health’s impressive valuation is a reflection of the current market pulse, with investors showing a strong interest in digital health companies that utilize AI technology. This trend is likely to continue as the healthcare industry increasingly adopts digital solutions and investors look for opportunities in this growing sector.
DePIN Watch
This latest funding round also puts Sword Health on the DePIN Watch list, which tracks AI M&A dealflow and identifies top companies in the market. The company’s success and high valuation make it a top target for potential acquisitions in the future.
Prompt Vault
Sword Health’s new funding will also go towards the development of its Prompt Vault platform, which is designed to improve patient outcomes and reduce healthcare costs. This platform will integrate with existing healthcare systems and provide valuable data and insights to healthcare providers, further solidifying Sword Health’s position as a leader in the digital health space.
Overall, Sword Health’s latest funding and valuation announcement is a testament to the company’s success and potential for growth in the future. With its innovative use of AI technology and focus on improving healthcare outcomes, Sword Health is well-positioned to continue making waves in the digital health industry.
