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Companies scrambling to provide employees with expanded mental health care options are propping up a booming market for digitally minded startups racing to address their needs.

Two of the largest, Lyra Health and Modern Health, have both raised a mountain of funding and doubled their customers over the past year. In just the last few weeks, Lyra announced a $187 million round valuing the company at over $2 billion, and Modern Health broke $1 billion in valuation with a $74 million round announced on Thursday.

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