The amount of the deal was not disclosed.
The company will use the funds to expand adoption of its solutions.
Founded in 2013 by Satish Movva, CEO, CarePredict develops a service platform that combines machine learning and predictive analytics with a wearable device to predict health declines based on changes in behavior and activity patterns.
Its proprietary wearable solution, Tempo™, provides predictive insights for early detection and intervention of health conditions before it’s too late. Its technology is used in assisted living, memory care, home care and independent living communities throughout the United States.
Following several pilots, the the team has signed and begun implementations of the CarePredict system with its first multi-site, multi-state senior living customer.