Lilli, a Woking, UK-based SaaS proactive lifestyle monitoring technology company, raised £8.2M in Series A funding.
The round was led by West Hill Capital.
The company intends to use the funds for commercial scale-up and further development of artificial intelligence (AI) capabilities.
Led by CEO Gren Paull, Lilli provides lifestyle monitoring technology which supports organisations in the health and social care sector to deliver a proactive care model. Its smart non-intrusive technology enables detailed, around-the-clock monitoring of behaviours. By using machine learning in observing patterns and trends among users, the company supports care providers to identify behavioural changes before conditions become acute, supporting users and reducing hospital visits. The technology delivers a non-intrusive monitoring system for health and social care practitioners, family or carers which will support individuals with self-limiting health conditions to maintain their independence at home for as long as possible.
Commenting on the news, Gren Paull said: “This latest financing powers Lilli with the funds needed to accelerate our mission of bringing the benefits of remote monitoring to more people within the UK and internationally. Our focus has remained unwavering in allowing people to live safely, happily and independently at home for longer – keeping them connected to their communities and circles of support, whilst reducing the burden on an overwhelmed and under-resourced health and care sector.“
FinSMEs
08/02/2024