Horizon Technology Finance provided a $30 million venture loan facility to SafelyYou, a developer of a remote care platform that combines real-time artificial intelligence video technology with a 24/7 remote clinical team, with $10 million of the facility initially funded.
“SafelyYou’s advanced technology provides senior living communities, residents and their families with an invaluable service that contributes significantly to improving care for those living with Alzheimer’s and dementia,” Gerald A. Michaud, president of Horizon, said. “In addition to quickly detecting falls, SafelyYou enables caregivers to proactively prevent future falls by reviewing clear video of a fall event via a secure web portal. We believe the benefits of this transformative technology will lead to its adoption in assisted living and skilled nursing facilities across the United States. Horizon is pleased to support SafelyYou’s plan to grow by making its technology more widely available.”
“We’re thrilled to receive Horizon’s support as we further our mission to reshape dementia care, supporting those living with Alzheimer’s, their families, and the communities that help care for them,” George Netscher, founder and CEO of SafelyYou, said. “SafelyYou’s combination of world-leading AI technology and expert clinical support mean on-site staff not only see and understand how falls happen, they also get insights into how to keep them from happening again. As a result, communities are able to provide a level of person-centered care never before possible. The support from Horizon means that higher-quality care will reach a higher number of residents.”