Tuesday, November 30, 2021

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SafelyYou: Closes $19.5M Series A Funding Round

SafelyYou Closes $19.5M Series A Funding Round

  • SafelyYou, a San Francisco, CA-based provider of artificial intelligence-enabled fall detection and prevention for dementia care, closed a $19.5m Series A financing round
  • The round was led by Eclipse Ventures with participation from Founders Fund, as well as existing investors DCVC and Foundation Capital
  • TSQ Advisors, Pathbreaker Ventures, The House Fund, Swift Ventures, Pacific Health Ventures, Anorak Ventures, and 7Percent Ventures
  • The company intends to use the funds to scale up its assisted living and skilled nursing business
  • The company utilizes artificial intelligence to empower care staff to implement fall prevention
  • The company is already deployed in numerous communities in North America
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