San Francisco-based SafelyYou, an AI-powered fall detection and senior care technology startup, has raised $43 million in a Series C funding round to transform senior living and expand its footprint in healthcare tech.
This round, led by Touring Capital, brings the company’s total raise to over $100 million as it continues to expand its suite of AI-powered products for senior living care. The company is poised for significant growth in the healthcare tech industry with participation from top investors, including Samsung Next, Omega Healthcare Investors, Inc., Foundation Capital, Founders Fund, Cross Creek, and Qualcomm Ventures.
“We’re so grateful for this funding at a critical juncture in care delivery for senior living when SafelyYou’s solutions are more important than ever,” SafelyYou founder and CEO George Netscher said.
“I started this company to help my mom and to help so many families like ours who have a loved one living with dementia. And we’ve grown to provide broader care support in senior living. Now, when resident acuity is increasing, care demands are greater. Staffing continues to be a crisis. We’ll be able to empower operators to predict care needs with unmatched speed and accuracy, revolutionizing how senior care is provided,” added Netscher.
SafelyYou Revolutionizing Senior Care with AI Technology
SafelyYou’s innovative approach uses ambient AI to reduce fall risks in senior living environments, offering solutions that improve resident safety and caregiver efficiency. One of the company’s flagship products, SafelyYou Clarity, is touted as the first and only choice for accurate care measurement without wearables.
This AI-enabled technology, along with SafelyYou Aware, leverages vast datasets to provide valuable insights into resident wellness, allowing operators to predict and address care needs proactively.
Founded in 2016 by George Netscher, SafelyYou aims to redefine care delivery in senior living by streamlining processes and enhancing care quality. The company’s SafelyYou Respond technology specifically targets memory care. It addresses the pressing issue of frequent falls in residents with cognitive decline—a demographic that experiences falls twice as often as others.
“Hone Health has quickly emerged as a leader in men’s health, prioritizing patient safety and delivering a unique, comprehensive solution that addresses critical market needs. We are excited to support their next growth phase as they continue to expand their footprint into longevity and holistic healthcare,” Ted Maidenberg, partner from Tribe Ventures, said in a statement.
Impact of the Series C Funding
The Series C funding will fuel SafelyYou’s efforts to expand its product offerings and accelerate the development of its technology platform. The company plans to improve the functionality of SafelyYou Clarity and SafelyYou Aware, both of which contribute to enhancing the senior care experience.
By utilizing predictive data, SafelyYou can make the delivery of care more efficient, timely, and tailored to individual resident needs, which can lead to better outcomes. The additional capital will also support the growth of SafelyYou Respond, helping more senior living facilities adopt this life-saving technology to prevent falls and improve resident safety.
As part of its mission, SafelyYou continues to forge strategic partnerships with industry leaders and investors. Notable participants in the funding round include Qualcomm Ventures, Samsung Next, and Omega Healthcare Investors. These partnerships position SafelyYou as a prominent player in the senior care tech space, which is rapidly growing as more operators seek solutions to improve care efficiency and safety.
SafelyYou: A Future in AI-Driven Senior Care
With over $100 million raised to date, SafelyYou is on track to redefine the future of senior living care. By combining AI, data analytics, and expert clinician support, SafelyYou enhances residents’ quality of life and helps caregivers provide more personalized, efficient care. As the company continues to expand its offerings, it is set to become an integral part of the healthcare tech ecosystem, leading the way in improving the safety and wellness of older adults.
“As employers grapple with rising healthcare costs, they are motivated to find innovative, value-based solutions. Advanced primary care is a win-win for employers looking to cut costs and provide access to healthcare their employees will use and love,” Patrick Nelli, CEO of Aligned Marketplace, said.
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