pi Ventures, Kae Capital back AI-based mental health start-up Wysa

The conversational bot has raised $ 2 mn in pre-series A round of funding

Wysa, an AI-based (artificial intelligence) conversational bot has raised about $2 million in a pre-series A round of funding led by pi Ventures, with participation from Kae Capital and other investors.

The startup had raised an earlier round of $1.3 million in seed funding from Kae Capital and angel investors in 2017.  It plans to use the new funding to strengthen  its technology base and for expansion.

Founded by Jo Aggarwal and Ramakant Vempati three years ago, Wysa is an AI-based ‘emotionally intelligent’ bot, a virtual coach that combines empathetic listening with evidence-based therapeutic techniques like cognitive behavioral therapy (CBT),