SafelyYou Secures $43 Million in Series C Funding to Revolutionize Dementia Care with AI Technology

SafelyYou, a pioneering leader in AI-driven dementia care, has successfully raised $43 million in its latest funding round, a significant investment that underscores the company's commitment to transformative healthcare solutions. Founded in 2015 by CEO George Netscher, as a response to his family's experience with Alzheimer's disease, SafelyYou emerged from UC Berkeley’s prestigious Artificial Intelligence Research Lab and has become a beacon of innovation in the senior care space. The company aims to enhance the quality of life for individuals living with dementia, utilizing advanced real-time AI video technology and a team of 24/7 remote clinical experts. This robust solution is already in operation across skilled nursing facilities and assisted living communities throughout North America, effectively empowering caregivers and significantly improving patient outcomes. Notably, SafelyYou has gained recognition as one of the five most innovative fall technologies in the Senate Falls Report of 2019, emphasizing its impact in the sector. With the newly raised capital, SafelyYou intends to expand its reach and enhance its technology, aiming to further decrease falls, which have been reduced by an impressive 40%, along with an 80% reduction in fall-related ER visits. This investment not only solidifies SafelyYou’s position as a leader in the dementia care space but also reaffirms its mission to empower safer, more person-centered experiences for patients, ensuring that the voices of those affected by cognitive decline are heard and valued in the conversation about care.