Unicorn Sword Health raises $40 million
The Porto Leading Investor reinforces its commitment to Artificial Intelligence in healthcare, reaching a valuation of $4 billion
Porto Leading Investor Sword Health, the digital health technology company founded in Porto by Virgílio Bento, has just announced a new round of investment worth 40 million dollars (around 34.6 million euros), bringing its valuation to a total of four billion dollars.
The company - one of seven Portuguese unicorns - thus reinforces the link between Porto's innovation ecosystem and the global transformation of healthcare.
The company - one of seven Portuguese unicorns - thus reinforces the link between Porto's innovation ecosystem and the global transformation of healthcare.
The investment round was led by General Catalyst, one of the most influential venture capital funds in the healthcare sector, with the participation of international and national investors such as Lince Capital, Oxy Capital, Armilar, Indico Capital, and Shilling. Sword Health will use this investment to support its global growth strategy, accelerating mergers and acquisitions, as well as the development of advanced Artificial Intelligence (AI) models for various clinical areas.
Highlights include the launch of the new Mind solution, an AI-based mental health platform that offers 24/7 clinical support in response to the growing shortage of specialised professionals in this area.
Based in Porto, Sword Health continues to establish itself as one of the main success stories of Portuguese innovation on a global scale, by reinventing the way healthcare is provided using cutting-edge technology.
