Exclusive: Mental Health Startup SonderMind Acquires Machine-Learning Company Qntfy
Company mergers and acquisitions can be notoriously cumbersome processes, often taking anywhere between six months and multiple years to finalize. Then there is SonderMind and Qntfy.
On Monday, the mental health startups announced that SonderMind, which connects patients and clinicians, acquired Qntfy, a scrappy data and machine-learning company, for an undisclosed amount. The acquisition took around four months to finalize after founders Mark Frank of SonderMind and Glen Coppersmith met in May this year based on a recommendation by a mutual contact.
“We weren’t actively looking to be acquired at that point in time. It just was so obvious that this is the right match. … and this thing moved relatively quickly once we realized that we are clearly attacking the same problem and the same challenge, but coming to it from very different perspectives and very different techniques.”
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