SafelyYou, a San Francisco, CA-based provider of artificial intelligence-enabled fall detection and prevention for dementia care, closed a $19.5m Series A financing round.
The round was led by Eclipse Ventures with participation from Founders Fund, as well as existing investors DCVC and Foundation Capital. TSQ Advisors, Pathbreaker Ventures, The House Fund, Swift Ventures, Pacific Health Ventures, Anorak Ventures, and 7Percent Ventures.
The company intends to use the funds to scale up its assisted living and skilled nursing business.
Originating in 2015 as the doctoral research of CEO George Netscher at the UC Berkeley Artificial Intelligence Research Lab, SafelyYou utilizes artificial intelligence to empower care staff to implement fall prevention. Specifically designed for memory care, or care for residents with Alzheimer’s disease and related dementias, the company’s subsequent fall video review provides support for unwitnessed falls through ER decision making and root cause analysis to support fall prevention. Privacy and liability are protected through cameras that only activate when a fall is detected.
SafelyYou is already deployed in numerous communities in North America.
FinSMEs
17/09/2021