Novobeing Inc

Novobeing Inc

Digital Wellbeing Platform for Healthcare Organizations
Subscription · Version 1.0 Stage · Boston, MA
A virtual/mixed reality digital wellbeing platform that helps healthcare organizations improve patient experience/outcomes with evidence-based stress and anxiety reduction programs resulting in happier, healthier hospitals.
Elevator Pitch
“Stress and anxiety affect over 40% of hospital patients, impacting patient recovery and overall health outcomes. For hospitals, this results in increased care costs. Hospitals are short staffed and unable to deliver mental wellbeing at scale. Novobeing addresses this with a self-administered immersive platform that combines clinically validated wellbeing interventions and XR technology. Our solution is clinically validated to reduces stress by 50% with a 70% program completion rate while enhancing patient satisfaction scores, and helping healthcare facilities improve care margins. Our platform is being used at MGH, Penn, St. Jude, VA and UMMH hospital”
Startup Journey
“I’m Sid Desai, the founder of Novobeing. My journey began when I witnessed the profound stress and anxiety my father faced during his cancer treatment. This personal experience ignited my passion to create a solution that combines my expertise in mindfulness with cutting-edge technology to improve mental well-being. Our team includes a COO with a successful exit from a previous digital well-being startup, and tech experts from Meta, Penumbra, and Sony Entertainment. We came together with a shared vision to revolutionize mental health care through immersive experiences. We validated our idea by partnering with leading research institutions like Harvard and Penn, conducting clinical trials that demonstrated significant reductions in stress and anxiety. These trials provided strong evidence of our platform’s effectiveness and paved the way for further development. Execution of our idea involved building a comprehensive platform with over 40 immersive experiences, and securing partnership contracts with 6 hospitals, including 2 paid contracts ($180K). We’re patent-pending and have exclusive license to evidence-based mental wellbeing programs from Harvard. Our greatest need to help us get fully launched/commercialized is (1)securing additional funding to expand our platform, enhance our technology, and scale our reach to more healthcare providers and patients.”
Founder(s)
Sid Desai
Co-Founder/CEO
  • Business and Product “guy”
  • Mindfulness/Meditation Expert
Nik Vassev
Co-Founder & COO
  • Marketing and G2M “guy”
  • Digital Health Expert
Mitya Sorkin
Creative Director
  • Technical + Product “guy”
  • Immersive Media Expert
Revenue Forecast (USD)
2027 Revenue

$26.3m

5 Year CAGR

475%

YOY Growth - 2027

448%

2027 Year-End Rev. Run Rate

$55.7m

Earnings Forecast (USD)
2027 EBITDA

$10.0m

2027 EBITDA Margin

38%

2027 Gross Profit

$25.3m

2027 Gross Margin

96%

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