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Fueled By $40 Million In Funding, Safelyyou Expands Ai-Enabled Fall Management Technology Across America'S Senior Care Facilities

Dec 02, 2021•over 3 years ago
San Francisco

Description

SafelyYou, the leader in AI-enabled fall management technology for seniors and individuals with Alzheimer's disease, related dementia or cognitive impairment issues, today announced the close of a $30 million Series B financing round led by Omega Healthcare Investors, a real estate investment trust that invests in the long-term healthcare industry. As part of its investment, Omega also prepaid $10 million to fund installations of SafelyYou across their 944 facilities.

Company Information

Company

Safely You

Location

San Francisco, California, United States

About

Originating in 2015 as the doctoral research of CEO George Netscher—and inspired by his own family's experience with Alzhemier's disease—SafelyYou utilizes artificial intelligence to detect falls with unprecedented accuracy and provides fall video for root-cause analysis, empowering care staff to help prevent future falls. This innovation is combined with insights from SafelyYou fall experts, shaping a first-of-its-kind fall detection and prevention program. Specifically designed for memory care, or care for residents with Alzheimer's disease and related dementias, SafelyYou provides better support for unwitnessed falls by allowing for more informed ER decision-making. Today, this proven technology is successfully deployed in numerous communities in North America. Research results published in the American Journal of Managed Care revealed that real-time fall detection using SafelyYou's AI-enabled video recording reduced the need for emergency services by 80% in dementia care facilities. For more information, please visit www.safely-you.com or call 415-579-3630.