Sahha passively analyses data to predict health and wellbeing; it provides scientifically backed algorithms to turn the digital health data of users into actionable insights for companies involved with all facets of health and therefore their users.
Co-founder and chief executive Aleks Dahlberg said the most exciting part of the funding was the ability to dive deeper into commercialisation and hire new and exciting talent for what he believed would become a "multibillion-dollar company".
Many organisations were creating treatments and care pathways but not many were focused on what types of insight companies needed to deliver a better healthcare experience.
The last couple of years had been spent proving the product and the company’s go-to-market strategy, Mr Dahlberg said.
While the current focus was how the technology could be applied within healthcare, the proposition was "pretty boundless" in terms of where it could be applied globally in many different industries.
Sahha had attracted "really fantastic" investors, both from New Zealand and internationally, who also believed in the company’s long-term vision, he said.
The company had a team of 12, including five in Dunedin, and the crew was a mix of full-time, part-time and contractors.
It was looking to hire another three or four people.
Mr Dahlberg, who has a background in entrepreneurship, felt Sahha was his "purpose".
"It’s bigger than me and I want to put in so much energy to it. It gets me out of bed in the morning.
"What we’re building comes from my own experiences of poor mental health, seeing the damage it can cause to yourself and within family. I think everyone could share a similar experience and understands how important these problems are to solve," he said.
Fresh out of the inaugural AWS Australian Generative AI Accelerator, Sahha’s customers ranged from digital health providers building more empathetic user experiences, insurers wanting to incentivise preventative health for policy holders through to employee assistance programmes looking to improve employee wellbeing and banks looking to augment spending data and provide better financial product that factored in wellbeing.
Its product and models were built with evidence and research-based methodology.
The solution was workshopped closely with a closed group of 4500 participants and developed in partnership with the University of Otago.
Sahha has also previously received investment from Supermoon Capital and Antler.
