Eleos, a leader in AI for behavioral health, has raised $60M in a Series C funding round led by Greenfield Partners, bringing its total funding to over $120M. With participation from prominent investors like F-Prime Capital and new ones such as the Michael & Susan Dell Foundation, this funding marks Eleos’ rapid rise as the most widely deployed enterprise-grade behavioral health AI solution. The funds will fuel the company’s expansion into underserved areas, such as substance use disorder (SUD) treatment centers, and support the launch of Eleos Compliance, its new clinical documentation improvement product.
- Series C Funding and Growth Trajectory:
- $60M raised, bringing total funding to over $120M.
- Key investors: Greenfield Partners, F-Prime Capital, Eight Roads, and the Michael & Susan Dell Foundation.
- Plans to expand product offerings, grow the commercial team, and address underserved segments in behavioral healthcare, like SUD treatment centers.
- Eleos Compliance – A Breakthrough in Clinical Documentation:
- Developed with guidance from the National Council for Mental Wellbeing.
- Offers near-instant review of progress notes using agentic AI.
- Flags potential documentation errors to prevent fines and simplify appeals.
- Enhances accreditation efforts and supports clinicians in reducing administrative burdens.
- Empowering Clinicians with AI-Driven Solutions:
- Eleos’ solutions focus on empowering clinicians rather than replacing them.
- The platform improves efficiency, helps capture revenue, and enables clinicians to focus on patient care.
- Proven impact: Progress note submission times improved by over 80%, with 3-4x better care outcomes compared to traditional methods.
- Market Leadership and Expansion Plans:
- Eleos is the most-deployed AI platform in behavioral health, serving over 120 organizations across 30+ U.S. states.
- Plans to hire senior leaders and expand data and engineering talent.
- Utilizes multimodal large language models (MM-LLMs) for processing diverse data inputs, setting a new standard for AI in behavioral health.
- Endorsements and Industry Impact:
- Shay Grinfeld, Managing Partner at Greenfield Partners: “Eleos is revolutionizing behavioral health by alleviating administrative burdens, empowering providers to deliver exceptional care.”
- Prasad Kodali, CIO at Centerstone: “Eleos’ commitment to user experience and innovation makes them stand out among tech vendors.”
With its latest funding round and the launch of Eleos Compliance, Eleos is redefining behavioral healthcare by addressing critical administrative challenges and improving care delivery. Its innovative use of AI, combined with a focus on clinician empowerment and efficiency, positions Eleos as a transformative force in the behavioral health industry.