With the global economic impact of mental illness projected to reach $6 trillion by 2030 and health providers cutting costs, this Cambridge company says its virtual therapy rooms are on the cusp of rapid adoption. Its 400 therapists deliver cognitive behavioural therapy to patients in real time through written conversation via smartphones, tablets and desktops. The service is available to over 9m people through 39 NHS districts with IESO claiming to reduce treatment times by an average 30% for patients with depression as well as lowering costs. Chief executive Dan Clark, 46, is based in the US where the firm launched this year with ambitious plans to capture market share in an industry worth $36bn. In September it closed an £18m funding round led by Touchstone Innovations, including £7.5m from Draper Esprit.
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