AI startup for Fall Prevention and Dementia SafelyYou secured $19.5 million in Series A funding


SafelyYou, a California-based provider of AI-enabled fall detection and prevention for dementia care, has now secured $19.5 million in a Series A funding round.

SafelyYou was founded by George Netscher. The startup leverages AI to empower care staff to implement fall prevention. It is specifically designed for memory care or care for residents with Alzheimer’s disease and related dementias.

Executive Opinion

George Netscher, founder and CEO of SafelyYou, said, "We are excited to announce the closing of our Series A funding, led by Eclipse Ventures. This is another step toward achieving our vision for SafelyYou. We launched our business to build a better world for those living with Alzheimer's and dementia, their families, and all those who care for them. We started with a focus on falls, but there are so many more needs. This is just the beginning for us, and we'll have many more product development announcements to share in the future."

Justin Butler, Partner at Eclipse Ventures, said, "Alzheimer's and dementia affect millions of patients and their families around the world, a number that is rapidly increasing as our society ages. SafelyYou is building a critical part of the ecosystem required to care for those afflicted by these devastating diseases".

SafelyYou's Latest Funding

Eclipse Ventures led the latest funding round. Other participating investors include Founders Fund, as well as existing investors Foundation Capital, 7Percent Ventures, Pacific Health Ventures, Swift Ventures, TSQ Advisors, Pathbreaker Ventures, Anorak ventures, The House Fund, and DCVC.

The company, as of now, has plans to use the new funds to scale up its assisted living and skilled nursing business.
PC: Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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