STAT+: Therapy chatbot startup Woebot raises $90 million

Woebot announced Wednesday that it raised a $90 million Series B investment to further the development of chatbots to treat a range of mental health conditions.

The new funding, led by JAZZ Venture Partners and Temasek, comes as the 4-year-old company hopes to turn its bevy of research projects into products commonly used by patients. If it’s successful, its bots could help alleviate pressure on the strained mental health system that can’t reach everyone who needs help.

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