STAT reported Slingshot would withdraw Ash from the United Kingdom over regulatory concerns, saying there was not a clear regulatory pathway for wellbeing products like theirs.
SourcePublic company, workplace, funding, and market signals
Updated Jul 29, 2026
Slingshot AI is a New York-based mental health AI research lab building Ash, a therapy-oriented AI app and foundation model for psychology. It positions Ash as a non-generic assistant that supports mental health with therapeutic, accountability-oriented conversations rather than simple Q&A.
Primary product
Ash, an AI app for mental health support
Founded
2022
Headquarters
New York, New York, United States
Team size
30-40
Industry
Wellness and Fitness Services
Sub-industry
AI mental health / therapy chatbot
Offices
3 jobs at Slingshot AI
Business model
Stage
Series A extension
Total raised
$93M
Latest round
Series A extension · Jul 2025
Latest amount
$53M
Jul 2025 · Radical Ventures and Forerunner Ventures
Jan 2025 · Andreessen Horowitz
Aug 2024 · Andreessen Horowitz
Leadership
Co-founder & CEO
Co-founder & President
Dr. Derrick Hull
Founding Clinical Lead
Head of ML Research
Head of Research
Head of Safety
Founding Product Manager
Machine Learning Lead
General Counsel
Andrew Frawley
Founding Communications & Marketing Lead
Mission-driven and research-heavy, with public emphasis on autonomy, flexibility, care, fast iteration, and safety. The company describes itself as a world-class team building with privacy and clinical grounding in mind.
Compensation
Public job and careers materials emphasize competitive salary and significant equity, but no verified salary bands were found in public sources.
Benefits
Pricing
Freemium / subscription; Ash was described as free to use at launch, while the terms also describe paid subscription fees and recurring plans.
Differentiators
Technology
Customers
Competitors
Estimated revenue
approx. $4M ARR (estimated)
Estimated monthly visits
67.7K
Traffic estimate as of Jul 2026
STAT reported Slingshot would withdraw Ash from the United Kingdom over regulatory concerns, saying there was not a clear regulatory pathway for wellbeing products like theirs.
SourceSTAT · Jan 2026
Reports that Slingshot withdrew Ash from the UK due to regulatory uncertainty around wellbeing products and medical device rules.
STAT · Nov 2025
Covers Slingshot’s public safety study and the mixed reaction to its evidence claims and usage figures.
AP News / Business Wire · Jul 2025
Official launch announcement for Ash plus the $93M total financing update and details on the product’s therapeutic positioning.
STAT · Jul 2025
Reports the launch of Ash, notes 50,000 beta users, and says the company raised more than $50M more to bring total funding to $93M.
Endpoints News · Jul 2025
Describes the latest Series A extension as $53M, led by Forerunner and Radical Ventures, and notes it is an extension of the earlier Series A.