Sword Health, the Porto-founded AI Care company, has announced a $40 million funding round at a $4 billion valuation led by General Catalyst.
Sword Health also unveiled Mind, a mental health solution that combines AI and licensed clinicians to deliver continuous, personalized care, finally transforming mental health from episodic talk therapy to a proactive, always-on support system.
“At General Catalyst, we back companies driving meaningful change in healthcare, and Sword Health sits squarely at the forefront of that transformation,” said Chris Bischoff, Managing Director at General Catalyst and Sword board director.
“By fusing sophisticated AI with human clinical expertise, Sword is re-imagining the entire care continuum — from physical pain care to today’s launch of Mind for mental health — expanding access, improving outcomes, and lowering costs at global scale. We’re proud to support Sword as it accelerates the shift toward truly AI-first healthcare.”
The round also included participation from Khosla Ventures, Comcast Ventures, Lince Capital, Oxy Capital, Armilar, Indico Capital, and Shilling. The funds will accelerate Sword’s M&A momentum, support its global expansion, and drive the continued development of foundational AI models across every major area of care.
Sword Health said:”With the launch of Mind, Sword is expanding its AI Care model to tackle one of healthcare’s biggest challenges: access to effective and high-quality mental health care.
“Today, nearly 1 billion people worldwide live with a mental health condition. Yet care remains fragmented, reactive, and inaccessible. In the U.S. alone, more than 60 million adults experienced mental illness last year, but most never received meaningful care.
“Despite broad availability of mental health solutions, access remains challenging, utilization remains low, and outcomes aren’t improving.
“Traditional therapy, based on episodic 40-minute sessions often weeks apart, can’t keep up with the round-the-clock reality of mental health, and reflects a largely outdated, superficial and one-dimensional view. It captures only fragments of a person’s life, missing the everyday factors that shape mental wellbeing: sleep, stress, relationships, environment.
“Mind redefines mental health care delivery with a proactive, 24/7 model that integrates cutting-edge AI with licensed, Ph.D-level mental health specialists. Together, they provide seamless, contextual, and responsive support any time people need it, not just when they have an appointment. The intelligent pairing of AI with clinical expertise is the key to removing access barriers and making high-quality care truly universal.”
Virgilio Bento, Founder & CEO of Sword Health, said: “We’ve rebuilt care delivery from the ground up — replacing a century-old, labor-intensive model with AI that removes barriers to world-class care for everyone who needs it.
“Treating more than half a million people and saving clients nearly a billion dollars in unnecessary healthcare costs has proven that Sword’s pioneering AI Care Model is the future of healthcare.
“This funding is a milestone that allows us to deepen our foundational AI research and to accelerate our expansion into new healthcare verticals like mental health — a field still dominated by unscalable and ineffective models — bringing truly life-changing care to millions who struggle with mental health around the world, the same way we did it for millions with physical pain.”