Forta, an AI-powered family-assisted autism treatment company, announced it has closed a $55 million Series A funding round led by Insight Partners.
The round also saw participation from the founders of Forward, Flexport, Curative, 23&Me, Prelude Fertility, Warby Parker, Harry's, and Allbirds, as well as Alumni Ventures and Exor Ventures.
function
Forta offers a 50-hour training course for parents that combines AI and LLM to provide personalized Applied Behavior Analysis (ABA) therapy for autism to children.
ABA therapy is based on learning and behavior. It includes a variety of techniques such as positive reinforcement and understanding antecedents, behaviors, and consequences.
The San Francisco-based company will use the Series A funding to expand its autism treatment practice, continue its AI and LLM research, and further develop its clinical algorithms.
“As we identify areas with care shortages, we leverage AI-based tools and education to help local caregivers and We will find ways to empower family caregivers and provide earlier and more effective intervention.“
“(Forta) started by applying our platform to autism treatment because many families face having to wait years for care. We are exploring ways to extend the home caregiver model to memory care and other chronic conditions.“
market snapshot
As of 2020, approximately 1 in 36 children have been identified as having an autism spectrum disorder. According to the CDC.
Several digital health companies are focused on providing autism care, including one based in Los Angeles. spectrum eyeprovides tools to help analyze quality and outcome data of ABA therapy to improve communication, social and learning skills for people with disabilities such as autism.
SpectrumAi is $20 million in Series A funding Last year and $9 million seed funding In 2022.
Other companies participating in this space include: sprouta technology-enabled autism care and treatment company offering in-home assessments and applied behavior analysis therapy, and a virtual reality behavioral therapy platform. Floreoteaches independent living skills, communication, and social and emotional adjustment to individuals with autism, ADHD, anxiety, and other conditions.