Layoff
Oct 2024Business Insider reported Sword cut 13 treatment-facing physical therapists, about 17% of its clinical workforce at the time, as it leaned further into AI-managed care.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
Sword Health is a private digital health company founded in 2015 that combines AI with licensed clinicians to deliver “AI Care” across musculoskeletal pain, women’s health, mental health, and cardiometabolic care. It sells mainly to employers, health plans, and other enterprise benefit sponsors on outcomes-oriented contracts.
Primary product
AI Care platform for digital musculoskeletal and whole-person care
Founded
2015
Headquarters
169 Madison Ave, Suite 15501, New York, NY 10016, United States
Team size
501-1000
Work style
Flexible
Industry
Hospitals and Health Care
Sub-industry
AI-powered digital musculoskeletal care
Offices
New York, New York, United States
Draper, Utah, United States
Business model
B2B2C digital health services
enterprise outcomes-based contracts
Funding
Stage
Series F / late-stage private
Total raised
$380M
Latest round
Series F · Jun 2025
Latest amount
$40M
Jun 2025 · General Catalyst
Primary and secondary financing
Jun 2024
People & investors
Leadership
Founder, Chairman & CEO
Founding Team & SVP of Clinical & Regulatory
SVP & Chief People Officer
Work & culture
Mission-driven, clinician-led, and AI-first, with a strong emphasis on patient impact, speed, scientific rigor, and ownership. Public values stress delivering more than expected, doing it for patients, embracing change, staying thrifty, and learning from failure.
Work style
Flexible
Visa sponsorship
Limited
Compensation
Public job postings show salary ranges with base pay plus variable pay and equity, with examples spanning roughly $162k-$408k in the US and about €50.4k-€79.2k in Portugal. Several US roles explicitly say immigration or work visa sponsorship will not be provided; Portugal-based roles require a valid EU visa.
Benefits
Health, dental, and vision insurance
Life and AD&D insurance
Health savings account
Equity shares
Product & market
Pricing
Outcomes-based enterprise pricing for health plans and employers
Differentiators
- —AI Care model combining licensed clinicians with AI
- —Multiple care verticals in one platform (MSK, women’s health, mental health, cardiometabolic care)
- —Predict engine to identify surgery risk earlier
- —Peer-reviewed clinical evidence and published studies
- —FDA-listed device and regulated clinical model
- —Large patent portfolio and proprietary AI research
- —Fast implementation and high reported client retention
- —ROI-focused, outcomes-based contracting
Technology
React
Scale & contact
Estimated revenue
$200M-$300M
Estimated monthly visits
280.1K
Traffic estimate as of Jul 2026
Signals & risks
Acquisition
Jan 2025Sword acquired Surgery Hero to expand prehabilitation and strengthen its UK presence.
SourceLatest news
Sword Health · Mar 2026
Sword unified its solutions into a single AI Care Platform spanning MSK, women’s health, mental health, and cardiometabolic care.
Sword Health · Jan 2026
Sword said the $285 million acquisition expands its AI Care platform in the U.S. and strengthens its position in Germany.
Reuters · Jun 2025
Reuters reported Sword raised $40M at a $4B valuation, led by General Catalyst, with Khosla Ventures, Comcast Ventures and Lince Capital also participating.
TechCrunch · Jun 2025
TechCrunch reported the $40M round, discussed Sword's cash-flow-positive status, and noted IPO timing had shifted to about 2028.