SafelyYou Nabs $19.5 Million Series A

<p><strong><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;strong> &&num;8212&semi; SafelyYou&comma; a developer of artificial intelligence-enabled fall detection and prevention for dementia care&comma; announced the close of a <span class&equals;"xn-money">&dollar;19&period;5 million<&sol;span> Series A financing round led by Eclipse Ventures&period; They are joined by Founders Fund&comma; as well as existing investors DCVC and Foundation Capital&period; TSQ Advisors&comma; Pathbreaker Ventures&comma; The House Fund&comma; Swift Ventures&comma; Pacific Health Ventures&comma; Anorak Ventures&comma; and 7Percent Ventures helped to enable this funding round&period;<&sol;p>&NewLine;<p>Utilizing the best of artificial intelligence and human expertise&comma; SafelyYou empowers senior living direct care staff to implement essential fall prevention&period; Its AI-enabled cameras are used in consenting residents&&num;8217&semi; rooms&comma; detecting falls with unprecedented accuracy and immediately notifying care staff for assistance&period; SafelyYou reduces falls by 40&percnt; and ER visits resulting from falls by 80&percnt;&comma; significantly reducing risks and unnecessary costs for residents&comma; families and senior living communities&period;<&sol;p>&NewLine;<p>SafelyYou is making a substantial impact on senior living communities at this critical time during the COVID-19 pandemic&period; For example&comma; some using SafelyYou have doubled their residents&&num;8217&semi; length of stay at a time when many communities faced occupancy challenges&period; Skilled nursing facilities using SafelyYou have seen over 1&comma;000 hours of RN time saved in certain locations&comma; enabling them to focus on other pressing concerns&period; Today&comma; SafelyYou is the first-ever fall prevention program subsidized by a liability insurance carrier and is creating safer environments across the U&period;S&period;&comma; with an expert team supporting communities by implementing learnings from over 20&comma;000 witnessed falls&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We are excited to announce the closing of our Series A funding&comma; led by Eclipse Ventures&period; This is another step toward achieving our vision for SafelyYou&comma;&&num;8221&semi; said <span class&equals;"xn-person">George Netscher<&sol;span>&comma; founder and CEO of SafelyYou&comma; who started the company because of the impact Alzheimer&&num;8217&semi;s disease had on his own family&period; &&num;8220&semi;We launched our business to build a better world for those living with Alzheimer&&num;8217&semi;s and dementia&comma; their families&comma; and all those who care for them&period; We started with a focus on falls&comma; but there are so many more needs&period; This is just the beginning for us&comma; and we&&num;8217&semi;ll have many more product development announcements to share in the future&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;Alzheimer&&num;8217&semi;s and dementia affect millions of patients and their families around the world&comma; a number that is rapidly increasing as our society ages&period; SafelyYou is building a critical part of the ecosystem required to care for those afflicted by these devastating diseases&comma;&&num;8221&semi; said <span class&equals;"xn-person">Justin Butler<&sol;span>&comma; Partner at Eclipse Ventures&period;<&sol;p>&NewLine;<p>The financing will enable SafelyYou&comma; which is already deployed in numerous communities in <span class&equals;"xn-location">North America<&sol;span>&comma; to scale up its assisted living and skilled nursing business&comma; expanding at an even quicker pace&period; The company has already doubled revenue and headcount in the first half of 2021&period;<&sol;p>&NewLine;