Horizon Technology Finance Provides SafelyYou with a $30 Million Venture Loan Facility for Enhanced Security

Share This Post

  • Horizon Technology Finance has provided a $30 million venture loan facility to SafelyYou, Inc. The loan will be used to further its mission of elevating the quality of dementia care and making its innovative care available to more people.
  • SafelyYou has developed a remote care platform that combines real-time AI video technology with a 24/7 remote clinical team. This innovative technology has significantly reduced resident fall rates and emergency room visits, resulting in improved care for residents and reduced costs for senior living operators.
  • The loan facility provided by Horizon Technology Finance is a significant step towards improving the quality of care provided to senior citizens. The support from Horizon Technology Finance is a clear indication of the finance industry’s commitment to supporting innovative technologies that can significantly improve the quality of care for senior citizens.

San Francisco-based startup SafelyYou has announced that it has secured a $30 million venture loan facility from Horizon Technology Finance Corporation. The funding will be used to accelerate the expansion of SafelyYou’s AI-powered fall detection and prevention platform for seniors.

The SafelyYou platform uses advanced camera technology to detect falls in real-time. When a fall is detected, the platform sends an alert to caregivers or family members who can quickly respond and ensure that the senior receives appropriate medical attention. The platform is already being used in several senior living facilities across the US, and the funding will help SafelyYou expand its reach to more facilities in the coming years.

“We’re thrilled to partner with Horizon Technology Finance to accelerate our growth and bring our technology to more seniors across the country,” said George Netscher, CEO of SafelyYou. “Falls are a serious risk for seniors, and our platform has proven to be highly effective in preventing falls and improving overall safety and wellbeing.”

Horizon Technology Finance Corporation is a leading provider of venture debt financing for technology and life science companies. The firm has provided more than $2 billion in financing to over 200 companies since its inception in 2005.

“We’re excited to support SafelyYou in their mission to improve safety and quality of life for seniors,” said Gerald A. Michaud, President of Horizon Technology Finance. “Their innovative technology has the potential to make a real difference in the lives of millions of seniors, and we look forward to seeing their continued success.”

Read More:

Partnership Between Mitsubishi Electric and Nozomi Networks Strengthens Operational Technology Security Business

Mitsubishi Electric and Nozomi Networks Partnership Mitsubishi Electric and Nozomi...

Solidion Technology Inc. Completes $3.85 Million Private Placement Transaction

**Summary:** 1. Solidion TechnologyInc. has announced a private placement deal...

Analyzing the Effects of the EU’s AI Act on Tech Companies in the UK

Breaking Down the Impact of the EU’s AI Act...

Tech in Agriculture: Roundtable Discusses Innovations on the Ranch

Summary of Tech on the Ranch Roundtable Discussion: ...

Are SMEs Prioritizing Tech Investments Over Security Measures?

SMEs Dive Into Tech Investments, But Are...

Spotify Introduces Music Videos for Premium Members in Chosen Markets

3 Summaries of Spotify Unveils Music Videos for Premium...

Shearwater to Monitor Production at Equinor’s Two Oil Platforms

Shearwater GeoServices secures 4D monitoring projects from Equinor for...

Regaining Europe’s Competitive Edge in Innovation: Addressing the Innovation Lag

Europe’s Innovation Lag: How Can We Regain Our Competitive...

Related Posts

Government Warns of AI-Generated Content: Learn More about the Issue

Government issued an advisory on AI-generated content. All AI-generated content...

Africa Faces Internet Crisis: Extensive Outage Expected to Last for Months, Hardest-Hit Nations Identified

Africa’s Internet Crisis: Massive Outage Could Last Months, These...

FTC Investigates Reddit for AI Content Licensing Practices

FTC is investigating Reddit's plans...

Journalists Criticize AI Hype in Media

Summary Journalists are contributing to the hype and...