Moving well is a billion-dollar business.
What’s happening: Sword Health, a digital physical therapy platform, raised $130M at a $3B valuation.
Supporting expansion into new markets and categories, it also unveiled Phoenix, a conversational AI physical therapist.
Machine-learning MSK. Sword has already completed 3M AI-analyzed movement screens to date, but Phoenix could be a game-changer for 2B people suffering from musculoskeletal (MSK) issues.
Delivering real-time feedback and clinical diagnoses, it conducts therapy sessions independently before review from a licensed professional.
Pushing PT
Sword Health nearly tripled revenue in ’23 and expects to be profitable this year on a simple premise: less pain — 62% of patients report mild or zero pain post treatment.
A universal need, providers are broadening the realm of digital pain management.
- Kaia Health recently launched an AI PT companion, programs for pelvic health, and balance training for seniors.
- Prepping an IPO, Hinge Health expanded its B2B platform globally while integrating menopause support.
- DarioHealth acquired Upright Technologies and AI-enabled assessment company Physimax in an MSK push.
Looking ahead: Leveraging AI, Sword plans to extend its B2B solution to anyone who needs it. But it’s TBD whether taking humans out of the equation suffers the same handicap as AI fitness.