Slingshot AI Secures $93M in Series A Funding
Deal News | Jul 24, 2025 | Goodwin
Slingshot AI, a company focused on developing AI technology to enhance global mental healthcare, successfully raised a total of $93 million in its Series A and Series A extension funding rounds. The funds will advance the public launch of their new AI-powered therapy service, Ash. The funding round was co-led by Radical Ventures and Forerunner Ventures, with contributions from existing investors including a16z, Felicis, and Menlo. The advisory firm Goodwin, led by John Casnocha and Ria King, assisted Slingshot AI in securing the investment. Based in both New York City and London, Slingshot AI aims to meet the growing demand for mental health services by integrating AI solutions with mental health expertise.
Sectors
- Artificial Intelligence
- Healthcare
- Venture Capital
Geography
- United States – Slingshot AI is based in New York City and received funding from US-based investors.
- United Kingdom – Slingshot AI also has operations in London, indicating a transatlantic scope for its business activities.
Industry
- Artificial Intelligence – The article focuses on Slingshot AI, a company specializing in artificial intelligence for mental health applications.
- Healthcare – Slingshot AI is developing AI-powered therapy services, directly impacting the mental healthcare industry.
- Venture Capital – The involvement of venture capital firms like Radical Ventures and Forerunner Ventures in the funding round highlights the role of VC in supporting tech advancements.
Financials
- 93 Million – The total amount raised by Slingshot AI in its Series A and Series A extension.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Slingshot AI | Target Company | Company | An AI research company focused on increasing access to mental healthcare through AI solutions. |
| Goodwin | Legal Advisor | Company | A law firm that advised Slingshot AI on its Series A funding. |
| Radical Ventures | Investor | Company | A venture capital firm that co-led the Series A funding round for Slingshot AI. |
| Forerunner Ventures | Investor | Company | A venture capital firm that co-led the Series A funding round for Slingshot AI. |
| a16z | Existing Investor | Company | One of the previous investors participating in Slingshot AI's funding round. |
| Felicis | Existing Investor | Company | One of the existing investors in the funding of Slingshot AI. |
| Menlo | Existing Investor | Company | An investor involved in Slingshot AI's funding round. |
| John Casnocha | Partner | Person | A partner at Goodwin who led the advisory team for Slingshot AI's Series A funding. |
| Ria King | Partner | Person | A partner at Goodwin involved in advising Slingshot AI during its Series A funding round. |