Parent-Led Autism Therapy Provider Forta Raises $55 Million

Forta, which provides a family-led autism therapy practice, raised $55 million to expand the practice, and continue research on artificial intelligence (AI) and large language models (LLM) to provide AI-enabled applied behavior analysis (ABA) therapy and develop its suite of clinical algorithms.

The round was led by global software investor Insight Partners. Other investors included Exor Ventures and Alumni Ventures, as well as founders of 23&Me, Curative, Forward, Flexport, Warby Parker, Prelude Fertility, Harry's, and Allbirds.

Forta has contracts with seven of the 10 largest health insurance companies and over 24 state government programs. It . . .