Slingshot AI has raised a total of $123 million across multiple funding rounds, backed by top venture firms including Andreessen Horowitz, Felicis, Radical Ventures, and Forerunner Ventures. The company is developing Ash, an AI-powered therapy platform designed to provide scalable, personalized mental health support.
What is Slingshot AI and What Does It Do?
Founded in January 2024, Slingshot AI is headquartered in New York City. The platform leverages AI to deliver scalable mental health solutions that respect individual differences and preferences. Ash has been beta-tested by over 50,000 users, including therapists, and has received positive feedback for its effectiveness across multiple psychological approaches.
How Much Funding Has Slingshot AI Raised?
- Pre-Seed Round
- Amount Raised: Not disclosed
- Date: April 2022
- Motivation: To start platform development and initial testing.
- Seed Round
- Amount Raised: $30 million
- Date: August 2024
- Lead Investors: Andreessen Horowitz, Felicis, What If Ventures
- Motivation: To scale product development, conduct broader beta testing, and expand the team.
- Series A
- Amount Raised: $93 million
- Date: July 2025
- Lead Investors: Radical Ventures, Forerunner Ventures
- Motivation: To expand Ash globally, enhance AI capabilities, and strengthen go-to-market operations.
Total Funding Raised: $123 million
Latest Funding Date: July 27, 2025
Key Investors
- Andreessen Horowitz
- Details: Venture capital firm founded in 2009, with a significant presence in Silicon Valley.
- Investment Focus Areas: Technology, Healthcare, Consumer, and Enterprise.
- Notable Investments: Facebook, Airbnb, Slack.
- Felicis
- Details: Venture capital firm investing in early-stage companies with hands-on support.
- Investment Focus Areas: Consumer, Enterprise, Health, Fintech, Education.
- Notable Investments: Shopify, Fitbit, Credit Karma.
- Radical Ventures
- Details: Venture firm focused on AI-powered startups.
- Investment Focus Areas: Artificial Intelligence, Deep Tech, Health Tech.
- Notable Investments: Cohere, Kindred AI.
- Forerunner Ventures
- Details: VC firm specializing in consumer-focused technology.
- Investment Focus Areas: E-commerce, consumer tech, marketplaces.
- Notable Investments: Glossier, Dollar Shave Club, Outdoor Voices.
Where Is Slingshot AI’s Headquarters?
Slingshot AI is headquartered in New York City, supporting product development, AI research, and strategic partnerships in the mental health and technology sectors.
What’s Next for Slingshot AI?
Slingshot AI aims to scale Ash globally, integrating advanced AI techniques to enhance personalized therapy and mental health support. The company is positioned to address the growing demand for accessible mental health solutions, with strong investor backing driving product innovation and market expansion.
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