The U.S. is grappling with a significant shortage of mental health professionals. According to a recent survey by HRSA, over 60 percent of therapists cannot accept new patients due to high demand. As a result, one in three individuals today are left waiting for months before accessing care, with low-income areas and communities of color being the most affected. Moreover, challenges including high costs of therapy, limited availability and social stigma toward mental health care compound these issues.
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Aiming to fill some of the shortcomings in the space, A.I. mental health care companies are cropping up, claiming to make mental health care better and more accessible. The New York-based mental health chatbot Slingshot AI recently raised $30 million from Andreessen Horowitz, and A.I.-powered Spring Health raised a $100 million Series E in July, signaling Silicon Valley’s excitement for the technology’s potential in the mental health space. The........