What Syra Health does

Syra Health Corp. (NASDAQ/OTCQB: SYRA) is a Carmel, Indiana-based healthcare technology and services company founded in 2022. It operates four product lines: Syrenity (an AI-powered behavioral and mental health app with cognitive behavioral therapy tools, AI-driven risk stratification, and telehealth integration), SyraBot (a HIPAA/ADA-compliant conversational AI chatbot using a pre-generative architecture with a zero-hallucination guarantee and multilingual support in 200+ languages), CarePlus (an electronic medical record system for small-to-mid-sized providers, clinics, payers, and nonprofits), and Syra Guardrails (a proprietary AI safety framework constraining responses to pre-approved content). All digital products are built on the Guardrails framework deployed on private server infrastructure.

The company monetizes through a mix of B2B enterprise subscriptions to government agencies, healthcare providers, health plans, and employers; direct-to-consumer mobile app subscriptions via Apple App Store and Google Play with freemium trials; population-health analytics, education, and training services (FY2025 revenue of $5.3M, up 157% YoY); and healthcare workforce staffing and training contracts with values ranging from $250,000 to approximately $6 million. Customers span 15+ U.S. states including Indiana, Arizona, North Carolina, Washington, Wyoming, and Washington D.C., with disclosed deployments including a 400,000-member health insurance plan and a subcontractor role on the $43B Defense Health Agency contract via LUKE.

Syra Health completed its IPO in October 2023 on NASDAQ, raised an additional $2.1M in a September 2024 public offering, voluntarily delisted to OTCQB in April 2025, and reported FY2025 revenue of $7.2M (down 9% YoY due to federal funding slowdowns) alongside a 76% reduction in net loss and gross margin expansion from 20.7% to 34.4%. Following the January 2025 passing of co-founder Sandeep Allam, Gregory R. Alexander was appointed CEO effective January 2026 to drive market expansion. Syrenity has been submitted under the FDA's TEMPO pilot program, positioning the company for the CMS ACCESS Model launching July 2026.

Name

Syra Health

Legal name

Syra Health Corp.

Website

https://syrahealth.com

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

Syra Health is a Carmel, Indiana-based public healthcare technology company offering AI-powered behavioral health (Syrenity), HIPAA-compliant chatbot (SyraBot), and EMR (CarePlus) solutions, plus population-health and workforce services, primarily to U.S. government agencies, providers, and payers.

Ownership category

akta.pro rank

Product category

Healthcare Technology / Digital Health

NAICS

Offices of Physicians, Mental Health Specialists (621112), Health Care and Social Assistance (62)

SIC

Services-Health Services (8000), Services-Prepackaged Software (7372)

akta.pro primary industry

General Mental Health Therapy Platforms (Talk Therapy) (HLALAEAA)

akta.pro secondary industries

Behavioral Health & Psychiatry Virtual Care (Payer Network) (HLALACAC), Care Navigation, Referral & Digital Front Door Platforms (HLALABAH), Therapeutic Companion Apps (Drug-Device-Digital Combination) (HLACANAH)

Keywords

• Behavioral health technology
• Digital health platforms
• Population health analytics
• Healthcare workforce solutions
• Mental health software

Headquarters

HQ city

Carmel

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Population Health Solutions: Data analytics, health education, and training services. Revenue grew 157% year-over-year to $5.3 million in FY2025 from $2.1 million in FY2024. Higher margin yielding population health solutions driven by strategic shift.
2. Digital Health Products: AI-powered platforms (Syrenity, SyraBot, CarePlus) offered as B2B enterprise solutions and direct-to-consumer subscriptions through app stores.
3. Healthcare Workforce Services: Temporary medical personnel staffing, training contracts, and workforce solutions for government agencies and healthcare organizations. Includes nursing services, behavioral health workforce training.
4. Training and Education: Healthcare training programs including trauma-informed care, social determinants of health. Contract values ranging from $250,000 to nearly $6 million.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Syra Health develops and sells proprietary digital health software platforms (Syrenity AI-powered mental health app, SyraBot HIPAA-compliant healthcare chatbot, and CarePlus EMR system) built on the Syra Guardrails pre-generative AI framework, and complements these with population health analytics services, healthcare workforce staffing, and clinical training/education services for government, healthcare, payer, and life sciences clients.

Product overview

Syra Health is an integrated healthcare solutions company offering a portfolio of digital health products and services. The core product portfolio includes Syrenity (AI-powered mental health platform), SyraBot (HIPAA-compliant healthcare chatbot), and CarePlus (Electronic Medical Record system), all built on the proprietary Syra Guardrails AI framework. These digital products are complemented by service offerings in population health management, healthcare workforce solutions, and behavioral health services. The company serves government agencies, healthcare providers, payers, and life sciences organizations with prevention-focused, accessible, and affordable healthcare solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Syrenity: AI-powered mental and behavioral health platform with telehealth integration, cognitive therapy interventions, and mental health risk assessment
• SyraBot
• CarePlus
• Syra Guardrails

Products and services

• Syrenity AI-powered behavioral and mental health platform providing preventative and reactive mental health care through cognitive behavioral therapy tools, AI-driven risk stratification, AI-powered journal for reflection and engagement, real-time reporting, and telehealth integration with licensed therapists. Operates on the proprietary Syra Guardrails framework keeping AI in bounds through pre-generative content. Available B2B for health plans, health systems, and large employers, and as direct-to-consumer app on Apple App Store and Google Play.
• SyraBot HIPAA and ADA-compliant conversational AI chatbot for healthcare organizations using pre-generative AI architecture to respond to member inquiries about benefits, claims status, and plan information. Features zero hallucination guarantee, multilingual support across 200+ languages, adjustable readability levels, end-to-end encryption, role-based access controls, and no storage of protected health information (PHI). Deployed by health insurance providers serving hundreds of thousands of members.
• CarePlus Modern Electronic Medical Record (EMR) system tailored for small to mid-sized providers, clinics, payers, dental practices, chiropractors, therapists, and healthcare-focused nonprofit organizations. Features streamlined patient management, customizable templates, integrated billing, and interoperability support.
• Population Health Solutions Data-driven population health management services including health education, training, and analytics to improve health outcomes for government and commercial healthcare customers. Includes HEDIS compliance support, SEOW population health analytics, and health equity programs. Revenue grew 157% year-over-year to $5.3 million in FY2025.
• Healthcare Workforce Solutions Staffing and workforce solutions providing healthcare professionals including nurses, therapists, behavioral health specialists, and special education psychologists to healthcare organizations, government agencies, correctional facilities, and schools. Includes competency attainment services, behavioral health workforce training, and emergency response plan assessments.
• Education and Training Services Healthcare training and education programs including trauma-informed care, social determinants of health, HCSP training, and behavioral health workforce development. Delivered to government agencies and healthcare organizations with contract values ranging from $250,000 to nearly $6 million.

Quantifiable outcome

• Population health revenue grew 157% year-over-year to $5.3 million in FY2025
• +5 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Nora Mental HealthcoreStrategic or Co-development Partner · 2 April 2026Telehealth partnership expanding access to mental and behavioral health services across Indiana. Connects Nora Mental Health's licensed therapists with individuals using Syrenity app, creating seamless pathway from digital mental health support to clinical care. Individuals identified through Syrenity's AI-driven risk stratification as having low- to moderate-acuity needs may be referred for clinical services via telehealth or in-person. Nora Mental Health operates in 16 states. Initial focus on Indiana with potential for regional or national expansion.
• PME IndyminorOthersPartner organization listed on Syra Health's website partners section
• RadcubeminorOthersPartner organization listed on Syra Health's website partners section
• bingle-researchminorOthersPartner organization listed on Syra Health's website partners section
• LUKEcoreStrategic or Co-development PartnerPartnership for Defense Health Agency contract valued at $43 billion. Syra Health serves as subcontractor on federal healthcare contract.
• The Caswood GroupminorOthersPartner organization listed on Syra Health's website partners section
• IntecareminorOthersPartner organization listed on Syra Health's website partners section
• Nora HealthcoreStrategic or Co-development PartnerPartner organization (same as Nora Mental Health) listed on Syra Health's website partners section, focusing on telehealth mental health services expansion
• Indiana UniversityminorStrategic or Co-development PartnerConducted clinical research study evaluating Syrenity solution which demonstrated measurable improvement in depression symptoms and other key outcomes for individuals with access to the app
• E&I Cooperative ServicesminorGTM or Marketing PartnerAgreement to promote Syra's mental health product Syrenity through cooperative purchasing organization

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Hims & Hers Health: Direct-to-consumer digital health platform expanding into mental health and primary care. Comparable to Syrenity's DTC subscription model and SyraBot's broader digital health consumer engagement approach.
• Teladoc Health: Large publicly traded telehealth incumbent offering virtual care across mental health, primary care, and chronic conditions. Broadly overlaps with Syrenity and SyraBot through its BetterHelp mental health subsidiary and enterprise virtual care platform.
• Amwell: Enterprise telehealth platform serving health systems, payers, and employers with virtual care solutions. Comparable as a broader incumbent in payer-sponsored virtual care where Syra also competes.

Direct peers

• Talkspace: Publicly traded teletherapy platform providing on-demand mental health services via licensed therapists. Directly comparable to Syra's Syrenity offering in behavioral health teletherapy for payers, employers, and consumers.
• Headspace Health: Digital mental health and wellness platform combining meditation, coaching, and therapy services. Overlaps with Syrenity on the consumer-facing mental health app side and employer/payer distribution.
• Cerebral: Digital mental health provider offering telehealth psychiatry and therapy with medication management. Competes in the same AI-enabled, virtual-first behavioral health category as Syrenity.
• Lyra Health: Mental health benefit platform for employers, providing therapy, coaching, and digital self-serve tools. Comparable to Syrenity's B2B benefit-sponsor model targeting employers and health plans.

Emerging players

• Spring Health: Precision mental health benefit platform offering assessments, therapy, coaching, and medication. Overlaps with Syrenity in the employer/payer-sponsored mental health benefits category.
• Woebot Health: AI-driven conversational mental health platform using chatbot-based CBT interventions. Closely comparable to Syrenity's AI-therapy and AI-powered journal features, though with a generative AI architecture.
• Meru Health: Digital mental health program combining clinician-led therapy with app-based CBT and mindfulness. Overlaps with Syrenity in evidence-based, prevention-focused digital mental health interventions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/syrahealth
• LinkedInlinkedin.com/company/syrahealth
• Facebookfacebook.com/syrahealth

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Syra Health