CarePredict, an AI-powered senior care company, secures $29 million in funding

CarePredict, an AI-powered digital health company focused on seniors, has raised $29 million in Series A-3 funding co-led by Aspire Healthtech Partners and SV Health Investors' Medtech Convergence Fund. 

Their platform combines wearable technology, indoor location tracking, deep machine learning, and predictive analytics to provide senior care. Their wearable device, Tempo, can monitor daily activities, offer a communication system for caregivers, provide indoor locations, and even unlock doors. The funding will be used to fuel the company's growth. 

CarePredict previously raised $9.5 million in Series A funding in 2019. During the pandemic, they introduced PinPoint, a contact-tracing tool for senior living facilities that used indoor location technology to track staff and patient movements.