SafelyYou Accelerates Growth by Closing $ 19.5 Million Series A Funding Round


SAN FRANCISCO, September 16, 2021 / PRNewswire / – SafelyYou, a leader in the detection and prevention of falls using artificial intelligence for dementia care, today announced the closing of a $ 19.5 million Series A round of funding led by Eclipse Ventures. They are joined by 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 contributed to this fundraising.

Safely

Using the best of artificial intelligence and human expertise, SafelyYou empowers direct senior care staff to implement essential fall prevention. Its AI-enabled cameras are used in the rooms of consenting residents, detecting falls with unprecedented precision and immediately alerting caregivers to help. SafelyYou reduces falls by 40% and emergency room visits resulting from falls by 80%, significantly reducing unnecessary risks and costs for residents, families and retirement homes.

SafelyYou is having a substantial impact on seniors’ communities at this critical time of the COVID-19 pandemic. For example, some SafelyYou users doubled the length of stay for their residents at a time when many communities were facing tenure issues. Qualified Nursing Facilities Using Safely You have logged over 1000 hours of RNs in some locations, allowing them to focus on other pressing issues. Today, SafelyYou is the first-ever falls prevention program funded by a liability insurance company and is creating safer environments across the United States, with a team of experts supporting communities by implementing the lessons from more than 20,000 falls observed.

“We are delighted to announce the closing of our Series A financing, led by Eclipse Ventures. This is another step towards realizing our vision for SafelyYou,” said George netscher, founder and CEO of SafelyYou, who started the business because of the impact Alzheimer’s disease had on his own family. “We started our business to build a better world for people with Alzheimer’s and dementia, their families and everyone who cares for them. We started out focusing on the falls, but there are so many other needs. This is just the start for us, and we will have many more product development announcements to share in the future. “

“Alzheimer’s disease and dementia affect millions of patients and their families around the world, a number that is growing rapidly as our society ages. SafelyYou is building an essential part of the ecosystem needed to care for people with these devastating diseases, ”said Justin butler, partner at Eclipse Ventures.

The funding will allow SafelyYou, already deployed in many communities in North America, to develop its assisted-living and qualified nursing care business, growing at an even faster pace. The company has already doubled its revenue and headcount in the first half of 2021. Tompkins Square Advisors serves as a financial consultant for SafelyYou.

About SafelyYou
Originating in 2015 as CEO PhD research George netscher In UC Berkeley’s top-ranked artificial intelligence research lab, SafelyYou uses cutting-edge artificial intelligence to empower caregivers to implement falls prevention. Specifically designed for memory care or the care of residents with Alzheimer’s disease and related dementias, SafelyYou’s Subsequent Fall Video Review provides better support for uncontrolled falls through robust decision making in emergency and root cause analysis to support fall prevention. Privacy and accountability are protected by cameras that only activate when a fall is detected. Today, this proven technology is successfully deployed in many communities in North America. Research results published in the American Journal of Managed Care found that real-time fall detection using SafelyYou’s AI-enabled video recording reduced the need for health care services by 80%. emergency in dementia care communities.

For more information, please visit www.safely-you.com or dial 415-579-3630.

About Eclipse Ventures
Eclipse Ventures is a technology-driven investment firm specializing in complex operations and complete solutions. Founded in 2015 and based in Palo Alto, California, Eclipse partners with entrepreneurs who are boldly transforming the essential industries that define and power economies.

Media contact:
Ian guss, High10 Media for SafelyYou, [email protected]

Cision

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/safelyyou-accelerates-growth-by-closing-19-5-million-series-a-funding-round-301378733.html

SOURCE SafelyYou


Source link

Previous Self Financial Raises $ 50 Million to Help At-Risk Consumers Create Credit and Savings at the Same Time - TechCrunch
Next Compass Health Insurance is a leading Boynton Beach insurance company for all health, life and prescription coverage in Boynton Beach, Florida