About SilverCloud
SilverCloud is a company based in Boston (United States) founded in 2011 was acquired by Amwell in July 2021.. SilverCloud has raised $26.06 million across 6 funding rounds from investors including Amwell, Enterprise Ireland and OSF HealthCare. The company has 12 employees as of December 31, 2022. SilverCloud offers products and services including Mental Health Programmes, Wellbeing Programmes, Chronic Conditions Programmes, and Substance Use Programmes. SilverCloud operates in a competitive market with competitors including Magellan Health, AbleTo, Lyra Health, Thrive Global and Wysa, among others.
- Headquarter Boston, United States
- Employees 12 as on 31 Dec, 2022
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Sectors
HealthcareTechnology
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Phone
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Website
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Social
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- Legal Name Silvercloud Health Inc
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Products & Services of SilverCloud
SilverCloud offers a comprehensive portfolio of products and services, including Mental Health Programmes, Wellbeing Programmes, Chronic Conditions Programmes, and Substance Use Programmes. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Interactive tools for managing anxiety and depression symptoms online.
Programs to build resilience and reduce stress through positive psychology techniques.
Resources for addressing mental health impacts of long-term illnesses.
Assists users in evaluating and managing drug and alcohol use habits.
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Funding Insights of SilverCloud
SilverCloud has successfully raised a total of $26.06M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $16 million completed in April 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $16.0M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2020 | Amount | Series B - SilverCloud | Valuation | MemorialCare Innovation Fund | |
| Jan, 2017 | Amount | Series A - SilverCloud | Valuation | Eduardo Saverin , B Capital | |
| Jun, 2014 | Amount | Grant - SilverCloud | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in SilverCloud
SilverCloud has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Amwell, Enterprise Ireland and OSF HealthCare. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early & Growth stage life sciences & tech focused VC firm investing primarily in the US
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Early stage venture capital firm investing in the US
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UnityPoint Health is recognized for providing comprehensive healthcare services.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by SilverCloud
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SilverCloud
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Silvercloud Comparisons
Competitors of SilverCloud
SilverCloud operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Magellan Health, AbleTo, Lyra Health, Thrive Global and Wysa, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Behavioral healthcare management and pharmacy services are provided for employees.
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Offers a digital platform to connect people with licensed therapists and coaches
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AI-powered mental health benefits for employers are provided.
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Mental wellbeing coaching platform is provided for enterprises.
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AI-driven mental health support platform is provided by Wysa.
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| domain | founded_year | HQ Location |
Cloud-based platform for employee wellness
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Silvercloud
Frequently Asked Questions about SilverCloud
When was SilverCloud founded?
SilverCloud was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is SilverCloud located?
SilverCloud is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is SilverCloud a funded company?
SilverCloud is a funded company, having raised a total of $26.06M across 6 funding rounds to date.
How many employees does SilverCloud have?
As of Dec 31, 2022, the latest employee count at SilverCloud is 12.
What does SilverCloud do?
SilverCloud was founded in 2011 and is headquartered in Boston, United States. The company operates in the mental health sector, providing a HIPAA-compliant cloud platform for healthcare providers. Evidence-based programs are offered from a library that can be customized for various mental health conditions and comorbid issues, including diabetes, coronary heart disease, and chronic pain. Access is enabled digitally for patient treatment.
Who are the top competitors of SilverCloud?
SilverCloud's top competitors include Lyra Health, Thrive Global and Magellan Health.
What products or services does SilverCloud offer?
SilverCloud offers Mental Health Programmes, Wellbeing Programmes, Chronic Conditions Programmes, and Substance Use Programmes.
Who are SilverCloud's investors?
SilverCloud has 14 investors. Key investors include Amwell, Enterprise Ireland, OSF HealthCare, MemorialCare Innovation Fund, and LRVHealth.
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