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Mindstrong

mindstrong.com

Founded Year

2014

Stage

Dead | Dead

Total Raised

$160.25M

About Mindstrong

Mindstrong ceased operations in March 2023. It provides a digital therapeutic platform to address personal, societal, and economic problems. The platform offers a biomarker panel that measures brain function from interaction patterns captured passively and continuously from human-computer interfaces. The company was founded in 2014 and is based in Mountain View, California.

Headquarters Location

303 Bryant St

Mountain View, California, 94041,

United States

888-995-2230

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Expert Collections containing Mindstrong

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Mindstrong is included in 13 Expert Collections, including Mental Health Tech.

M

Mental Health Tech

1,285 items

This collection includes companies applying technology to problems of emotional, psychological, and social well-being. Examples include companies working in areas such as substance abuse, eating disorders, stress reduction, depression, PTSD, and anxiety.

A

AI 100

100 items

A

Artificial Intelligence

10,624 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

M

Medical Devices

8,875 items

Companies developing medical devices (per the IMDRF's definition of "medical device"). Includes software, lab-developed tests (LDTs), and combination products. *Columns updated as regularly as possible.

H

Health Monitoring & Diagnostics

2,768 items

Companies developing or offering products that aid in the assessment, screening, diagnosis, or monitoring of a person's state of health/wellness. Excludes companies focused solely on fitness/sports performance

D

Digital Health 150

150 items

The winners of the second annual CB Insights Digital Health 150.

Mindstrong Patents

Mindstrong has filed 9 patents.

The 3 most popular patent topics include:

  • Cognitive tests
  • Neuropsychological tests
  • Cognition
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/21/2016

7/4/2017

Dietary supplements, Neuropsychology, Email, Nutrition, Cognition

Grant

Application Date

10/21/2016

Grant Date

7/4/2017

Title

Related Topics

Dietary supplements, Neuropsychology, Email, Nutrition, Cognition

Status

Grant

Latest Mindstrong News

Opinion: What the recent failures of Mindstrong and Pear tell us about the future of digital mental health

Apr 18, 2023

Adobe Over the past five years, digital mental health has risen from a niche topic to a global health priority. Patients, researchers, regulators, and investors alike are thrilled by the potential of ubiquitous mobile technology like smartphones to help diagnose problems, monitor health, and even deliver evidence-based therapies. Two companies that came to embody this potential were Mindstrong for smartphone monitoring of mental health and Pear Therapeutics for FDA-approved apps and digital interventions. Mindstrong raised nearly $160 million, and Pear Therapeutics once had a $1.6 billion evaluation. But in March, Mindstrong announced it was ceasing operations . And on April 7, Pear Therapeutics announced that it was filing for bankruptcy. Both companies were founded by smart and passionate people who wanted to improve access to mental health care. They were staffed by hard-working employees who wanted to help change the world. The concept of using data from personal patterns of smartphone use to help diagnose a mental illness or track recovery is appealing. So is the concept of using a smartphone app to receive evidence-based care from the palm of your hand. Pear Therapeutics even received some of the first Food and Drug Administration clearances for software as a medical device for mental health. advertisement But the companies went wrong in a way that is symptomatic of the rest of the digital mental health field. Both companies tackled the pressing need for a transformation in mental health care. They drew on the global need for a paradigm shift in mental health and offered a scientific pathway toward that vision. Mindstrong built off a 2018 pilot study of 27 subjects capturing smartphone data over seven days to pilot digital biomarkers of cognitive function, which could remotely diagnose or monitor mental health conditions. Pear Therapeutics had many products but was likely most well-known for its apps that promised to help treat addiction. advertisement The story of using technology to monitor and help support mental health made sense five years ago and in fact still makes sense today. Digital technology will help increase access to and quality of mental health care. But the story only goes so far. The next step is to prove out the story with science. Just as a new drug for a mental illness like depression undergoes numerous careful studies on its pathway to approval, the same process is necessary for digital software. Both Mindstrong and Pear Therapeutics undertook research and began the scientific journey. In Mindstrong’s case, the company founders have come out on the record stating they felt pressured to commercialize too soon and before the science was sound. Looking in the scientific literature, the lack of peer-reviewed publications corroborates this narrative. We need more research before smartphone sensing to detect mental illness is even clinically validated, let alone commercially viable for a business like Mindstrong. Pear Therapeutics appeared to have the evidence since it obtained FDA clearance on some of its software. Yet in 2020 the Institute for Clinical and Economic Review wrote a public report noting that the “evidence is inadequate to demonstrate a net health benefit.” In fact, that evidence was not based on any smartphone at all. It came from a related computer program called the Therapeutic Education System. This was tested in 2014, in a study where patients came twice a week, in person, to a clinic to log on and use the program on computers in the clinic. Even in 2014, the authors of that study wrote “additional research is needed to assess effectiveness in non-specialty clinical settings.” Pear Therapeutics acquired the rights to this program, worked to get an adapted version FDA-cleared, and then marketed it as a digital therapeutic. (It’s worth noting that there is no consensus on the definition of a digital therapeutic .) Nearly a decade later, it’s still unclear whether this system can work outside of a specialty clinic. Thus, in both the case of Mindstrong and Pear Therapeutics, there was no dramatic story of something going wrong. The problem was that neither company was able to invest the money to carry out the necessary scientific research. While Mindstrong and Pear Therapeutics are two of the most well-known, the lack of resources for clinical science is widespread in the industry . A 2022 report suggested that 44% of digital health companies has a clinical robustness score of zero. But that does not mean these products and digital mental health have no future. These failures tell us that patients, clinicians, and payers want digital tools that are effective in real-world settings. That means promising pilot studies, like those that launched this industry in the 2010s, must be followed by high-quality studies. When my colleagues and I conducted a meta-review in 2022, we found that overall, the quality of most digital mental health studies was low. Now it is time to think about a new generation of evidence and new studies to build the type of real-world data we need to ensure products offered are both safe and truly effective. This means studies that account for digital placebo effects, are run in real-world clinical settings, involve diverse patients, and can be replicated by outside teams. We already know how to do this. Pharmaceutical companies offer one example of high investment in medical research and development. They invest in thousands of potential drugs and take the top-performing ones through more and more rigorous studies. The National Institute of Mental Health is another example, now investing heavily in digital research and supporting rigorous mechanism of action studies. As patients, payers, and investors demand more evidence and proof that digital software really works as promised, new companies will rise to the challenge. Of course, there is a major difference between drug R&D and digital mental health care, which is that software needs additional research to prove it can successfully work in the context it is deployed in. But even this is a surmountable hurdle. Digital mental health might be stumbling in 2023, but these disappointments may signal a new era in how we approach the next generation of digital tools. The stories that founded and sustained both MindStrong and Pear Therapeutics are still valid today — they are just waiting for the next generation to take them off the page and into a scientific reality. John Torous is an assistant professor of psychiatry at Harvard Medical School and staff psychiatrist at Beth Israel Deaconess Medical Center. He is the scientific advisor for Precision Mental Wellness, a company he holds equity in. About the Author Reprints

Mindstrong Frequently Asked Questions (FAQ)

  • When was Mindstrong founded?

    Mindstrong was founded in 2014.

  • Where is Mindstrong's headquarters?

    Mindstrong's headquarters is located at 303 Bryant St, Mountain View.

  • What is Mindstrong's latest funding round?

    Mindstrong's latest funding round is Dead.

  • How much did Mindstrong raise?

    Mindstrong raised a total of $160.25M.

  • Who are the investors of Mindstrong?

    Investors of Mindstrong include Mission Daybreak, Optum Ventures, Foresite Capital, ARCH Venture Partners, General Catalyst and 8 more.

  • Who are Mindstrong's competitors?

    Competitors of Mindstrong include Alto Neuroscience, uMore, Cumulus Neuroscience, Feel Therapeutics, Gemelli Biotech and 10 more.

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Cogniant operates as a technology and automated patient engagement solution company. The company offers mental health, digital phenotyping, remote monitoring, telehealth, deep learning, and passive data tracking solutions. The company supports researchers, clinicians, and biopharma companies along the value chain of clinical research and drug discovery for psychiatric and neurodegenerative disorders. It was founded in 2019 and is based in Singapore, Singapore.

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Ellipsis Health

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Headspace

Headspace develops an online membership platform offering guided meditation and mindfulness. The company operates a business-to-business (Headspace for Work) to offer its mindfulness products and services to sectors such as government entities, nongovernmental organizations, and National Health Service (NHS) to offer digital mental health tools. It was founded in 2010 and is based in Santa Monica, California.

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Beacon Biosignals

Beacon Biosignals' EEG neurobiomarker platform is engineered to accelerate clinical trials and enable new treatments for patients with neurological and psychiatric disease.

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Sanvello is a new class of on-demand mobile therapy solutions for those seeking relief from anxiety, depression, stress, and other behavioral health conditions. This nationwide behavioral health provider business leverages tele-health and digital engagement tools in new ways, with a strong focus on primary care integration. The company is dedicated to helping people build the life skills they need; anytime, anywhere, and in any way they choose.

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