Meditation.live Secures $3M in Funding to Expand User Base and Launch Multilingual Features

On September 16, 2019, VCBeat (WeChat ID: vcbeat) learned from foreign media reports that the health platform meditation.live had completed a $3 million financing round (the specific round was not disclosed), led by SoftBank Capital.

meditation.live plans to use the proceeds from this financing round to expand its user base, add language translation features, and launch more interactive courses.

meditation.live, founded in 2018 and headquartered in Florida, USA, is an internet health platform. The company helps users improve their mental and physical well-being through online courses in meditation and exercise. Users can engage in real-time interactions with medical guides and ask questions live on the platform. With over 180 interactive courses, the platform also hosts discussion groups where users can pose questions to experts. meditation.live is committed to alleviating users’ life stress through real-time interactive experiences, thereby improving their quality of life and enhancing work efficiency.

D. Sharma is the Co-Founder and CEO of meditation.live. He is passionate about the future of humanity and dedicated to safeguarding human mental health from the impacts of artificial intelligence and machine learning. D. Sharma began his career at Nokia Research Center, where his team developed mobile internet services. In the United States, he founded a series of companies, pioneered speech recognition technology, and secured his first patent for multimodal technology.

Health is becoming an increasing focus for both businesses and individuals. Many companies are seeking ways to alleviate employee stress and improve their well-being through innovative initiatives. Research indicates that higher levels of employee stress correlate with lower productivity, as well as higher rates of absenteeism and turnover. More importantly, employees under significant stress incur higher medical costs compared to those with lower stress levels. Introducing short mindfulness meditation sessions into team meetings is a cost-effective and straightforward approach to enhancing corporate culture and overall productivity. Companies such as Google, Goldman Sachs, and Medtronic have already introduced meditation and other mental wellness practices to their employees.

D. Sharma stated, “If you have never practiced meditation before, your first session may feel quite intimidating. We aim to create a platform that offers participants the experience of real-time interaction with experienced instructors. Our mission is to inspire 5 billion people to discover their true purpose through meditation and mental exercises. To further advance this goal, meditation.live has launched a meditation challenge: the first individual to reach 25,000 followers during a live meditation broadcast will win $5,000.”

Jordan Levy, Executive Partner at SoftBank Capital NY, stated, “We are delighted to once again partner with D. Sharma to build the most innovative health platform. meditation.live is an emerging force in the health industry, offering consumers a completely new experience.”

SoftBank Capital is a U.S. venture capital firm that focuses on investing in startups in the technology and telecommunications sectors. The company was founded by SoftBank.

(Compiled by Tian Shuhang)