Latest Eclipse Ventures News
Dec 2, 2021
The funding round comes months after the company raised $19.5 million in Series A financing. Photo: Halfpoint Images/Getty Images Additional SafelyYou investors include SCAN Group, Eclipse Ventures, Foundation Capital, Founders Fund and Data Collective Venture Capital. Omega Healthcare Investors, a real estate investment trust that focuses on long term and senior care, also prepaid $10 million to install SafelyYou’s system across its facilities. The company said the latest round brings its total raise to around $70 million. WHAT THEY DO SafelyYou’s technology includes a camera installed in a patient’s room that detects falls and alerts caregivers, as well as AI-enabled pattern recognition to note the signs of a fall and prevent them in the future. The company said its system can also help caregivers with medication adherence, behavioral monitoring, managing false alarms, memory care and occupational therapy issues. "My mission was to create a company that my Mom will need," George Netscher, founder and CEO of SafelyYou, said in a statement. "My mother lost her mother to Alzheimer's, and now my aunt has it. This is personal. Every fall that can be prevented means another son, daughter, sibling, friend or relative won't experience the suffering I witnessed. Seeing our technology being rapidly adopted by care centers across the country means we are helping prevent head injuries, hip fractures, and the associated stress, grief, and cost to caregivers and affected families." MARKET SNAPSHOT According to the CDC , fall death rates increased 30% for older adults between 2007 and 2016. Medical costs for falls were more than $50 billion in 2015 , with Medicare and Medicaid taking on most of the cost burden. Other companies with fall detection and prevention products include Australian wearable developer Spacetalk , Berlin-based Lindera and Vayyar.
Eclipse Ventures Team
1 Team Member
Eclipse Ventures has 1 team member, including current Founder, Lior Susan.