SafelyYou, a San Francisco CA-based AI-enabled fall management technology, raised $40M in Series B funding.
The round was led by Omega Healthcare Investors with participation from SCAN Group, a mission-driven organization dedicated to keeping seniors healthy and independent. The two new strategic investors joined existing investors Eclipse Ventures, Foundation Capital, Founders Fund, and DCVC, and the new round raised venture funding total to approximately $70m. As part of its investment, Omega also prepaid $10 million to fund installations of SafelyYou across their 944 facilities.
The company intends to use the funds to growth and expand the availability of its fall management technology.
Led by George Netscher, founder and CEO, SafelyYou leverages artificial intelligence to detect falls with accuracy and provides fall video for root-cause analysis, empowering care staff to help prevent future falls. This innovation is combined with insights from fall experts, shaping a fall detection and prevention program designed for memory care, or care for residents with Alzheimer’s disease and related dementias.
In addition to fall detection and prevention, the technology assists caregivers with medication adherence, behavioral monitoring, management of false alarms, memory issues, and occupational therapy issues.
Today, the technology is deployed in numerous communities in North America.