04 Jan CarePredict raises $9.5 million for AI wearable that monitors seniors’ health
CarePredict, an AI-driven digital health company that is on a mission to develop technologies that can provide high-quality senior care, announced that it has secured $9.5 million in Series A. The funding was led by Secocha Ventures, Las Olas Ventures, and Startup Health Ventures. This brings the firm’s total raised to $19.7 million, following a $4 million seed fund round in December 2017 and a grant from the National Science Foundation.
For an elderly, living alone carries a lot of risks. National Council on Aging estimates one in four Americans aged 65 and older falls each year, and every 19 minutes an older adult die from a fall. Illnesses such as, urinary tract infections (UTI) are also common among the elderly population. Additionally, mental illnesses such as, depression affect around 7 million older adults each year.