SilverCloud - About the company
SilverCloud is an acquired company based in Boston (United States), founded in 2011 by Ken Cahill. It operates as a Cloud-based platform offering mental health treatment programs. SilverCloud has raised $30M in funding from investors like MemorialCare Innovation Fund, B Capital and Investec Venture Capital. The company has 647 active competitors, including 145 funded and 22 that have exited. Its top competitors include companies like Spring Health, Calm and Headspace.
Company Details
SilverCloud is a cloud-based platform enabling healthcare providers to offer mental healthcare programs for the patient. The HIPAA compliant platform offers a library of evidence-based programs that can be customized based on the condition of the patient. The platform offers programs for various mental health conditions, comorbid medical conditions such as diabetes, CHD and chronic pain.
- Website
- silvercloudhealth.com
- Registered Address
- Boston, Massachusetts
Key Metrics
Founded Year
2011
Location
Boston, United States
Stage
Acquired
Total Funding
$30M in 6 rounds
Latest Funding Round
Investors
Ranked
18th among 647 active competitors
Employee Count
113 as on Jan 18, 2025
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Amwell (Jul 28, 2021)
Legal entities associated with SilverCloud
SilverCloud is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SILVERCLOUD HEALTH INC CIN: 421777595 , United States, Active | Dec 26, 999 | - | 12 (As on Dec 31, 2019) | - |
SilverCloud's acquisition details
SilverCloud got acquired by Amwell on Jul 28, 2021 at an acquisition amount of $226M. It was facilitated by Cantor Fitzgerald, Ropes & Gray, Barclays and 1 more.
Click here to take a look at SilverCloud's acquisition in detail
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SilverCloud's funding and investors
SilverCloud has raised a total funding of $30M over 6 rounds. Its first funding round was on May 16, 2012. Its latest funding round was a Series B round on Apr 08, 2020 for $*****. 6 investors participated in its latest round. SilverCloud has 17 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of SilverCloud:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 08, 2020 | 4832213 | Series B | 3749596 | 6753065 | 6453191 | 8431098 |
Jan 17, 2017 | 1527127 | Series A | 1870963 | 9045665 | 3151243 | |
Jun 18, 2014 | 2155770 | Grant (prize money) | 9457541 | 3476069 | 3822944 |
View details of SilverCloud's funding rounds and investors
SilverCloud's founders and board of directors
Founder? Claim ProfileThe founders of SilverCloud is Ken Cahill.
Here are the details of SilverCloud's key team members:
- Ken Cahill: CEO & Co-Founder of SilverCloud. Contact Info: 1 email address
View details of SilverCloud's Founder profiles and Board Members
SilverCloud's employee count trend
SilverCloud has 113 employees as of Jan 25. Here is SilverCloud's employee count trend over the years:
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SilverCloud's Competitors and alternates
Top competitors of SilverCloud include Spring Health, Calm and Headspace. Here is the list of Top 10 competitors of SilverCloud, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Spring Health 2016, New York City (United States), Series E | Tech enabled mental healthcare solutions and health plans for employers | $509M | 81/100 | |
2nd | Calm 2012, San Francisco (United States), Series C | Digital app for meditation, sleep, and relaxation for employees and individuals | $225M | 79/100 | |
3rd | Headspace 2010, Santa Monica (United States), Series C | Provider of mental health support services via application and human care | $178M | 75/100 | |
4th | Lyra Health 2015, Burlingame (United States), Series F | Provider of AI-powered mental health benefits for employers | $915M | 74/100 | |
5th | Thrive Global 2016, New York City (United States), Series C | Provider of mental wellbeing coaching platform for enterprises | $130M | 71/100 | |
6th | Meru Health 2016, San Francisco (United States), Series B | Provider of digital mental healthcare programs with licensed therapist solutions | $55.4M | 70/100 | |
7th | Modern Health 2017, San Francisco (United States), Series D | Provider of employee mental health wellness platform | $170M | 69/100 | |
8th | Provider of online therapy, psychiatry services, and mental healthcare support | $15.3M | 69/100 | ||
9th | Unmind 2016, London (United Kingdom), Series C | Cloud-based mental well-being program for employers | $109M | 69/100 | |
10th | Cerebral 2020, San Francisco (United States), Series C | Provider of online counseling services for mental health conditions | $462M | 69/100 | |
18th | SilverCloud 2011, Boston (United States), Acquired | Cloud-based platform offering mental health treatment programs | $30M | 59/100 |
Looking for more details on SilverCloud's competitors? Click here to see the top ones
SilverCloud's Investments and acquisitions
SilverCloud has a total of 1 investment in Id-Pal. SilverCloud has not made any acquisitions as of now.Reports related to SilverCloud
Here is the latest report on SilverCloud's sector:
News related to SilverCloud
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Amwell renegotiates terms of its acquisition of SilverCloud HealthBecker's Hospital Review•May 19, 2022•Amwell, SilverCloud
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Amwell’s SilverCloud Health unveils digital mental health resources for families at HIMSSMedCity News•Mar 17, 2022•SilverCloud, Amwell
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SilverCloud Health, HSE roll out digital mental health serviceTechCentral Ireland•Sep 24, 2021•SilverCloud, Health and Safety Executive
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Amwell Closes Acquisitions of SilverCloud Health and Conversa HealthBusiness Wire•Aug 31, 2021•Amwell, SilverCloud, Conversa Health
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Amwell Enhances Virtual Care Platform with Two Acquisitions: SilverCloud Health and Conversa HealthBusiness Wire•Jul 28, 2021•Amwell, SilverCloud, Conversa Health, Barclays and 2 others
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Irish company SilverCloud Health snapped up by AmwellSilicon Republic•Jul 28, 2021•SilverCloud, Amwell, Conversa Health
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