SafelyYou, a provider of AI-powered solutions for senior living communities, has raised $43 million in Series C funding led by Touring Capital. The investment will support the expansion of the company's technology platform, which originated from founder George Netscher's doctoral research at UC Berkeley's Artificial Intelligence Research Lab.
The company's flagship product, SafelyYou Respond™, has demonstrated significant impact in senior care, reducing falls by 40% and fall-related emergency room visits by 80%. The platform combines AI and advanced sensors to enable real-time fall detection and rapid response capabilities. Additionally, the company offers SafelyYou Aware™ for behavioral insights and SafelyYou Clarity™ for wearable-free care measurement.
George Netscher, founder and CEO of SafelyYou, explained the company's mission: "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. 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, at a time when resident acuity is increasing, care demands are greater, and 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."
The investment comes at a crucial time for the senior living industry, which faces significant challenges including high fall rates, staffing shortages, and rising operational costs. SafelyYou's technology addresses these challenges through a comprehensive approach to care delivery, incorporating fall prevention, resident well-being monitoring, operational optimization, and predictive care needs assessment.
The platform's ambient AI solution operates without requiring wearable devices, enabling senior living communities to improve care delivery efficiency while maintaining resident dignity. With this latest funding round bringing total investment to over $100 million, SafelyYou is positioned to expand its impact on senior care through enhanced predictive capabilities and operational support tools.
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