SafelyYou Expands with $43M Series C Funding for AI Fall Detection

Deal News | Jan 28, 2025 | Qualcomm Ventures LLC

SafelyYou Expands with $43M Series C Funding for AI Fall Detection

SafelyYou, founded by George Netscher, offers an AI-powered platform to detect and respond to falls in senior living communities. With the aim of improving elder care, SafelyYou has secured $43 million in a Series C funding round led by Touring Capital, with Qualcomm Ventures and others participating. This funding brings their total to over $100 million. The technology employs cameras and sensors to provide rapid alerts for falls, aiming to reduce false alarms and eliminate the need for wearables. Despite challenges during the COVID-19 pandemic, SafelyYou has expanded to nearly 1,000 facilities and plans to use the new funding to expand its San Francisco-based team of 100 employees.

Sectors

  • Healthcare Technology
  • Artificial Intelligence

Geography

  • United States – SafelyYou is based in San Francisco and serves senior living communities across the United States.

Industry

  • Healthcare Technology – SafelyYou operates within the Healthcare Technology industry by providing AI-driven solutions for fall detection and prevention in senior living facilities.
  • Artificial Intelligence – The use of AI-powered sensors and cameras to detect falls positions SafelyYou in the Artificial Intelligence industry.

Financials

  • $43 million – The amount raised by SafelyYou in their Series C funding round.
  • $100 million – The total amount of funding raised by SafelyYou to date, including the most recent Series C round.

Participants

NameRoleTypeDescription
SafelyYouTargetCompanyA company that provides AI-powered fall detection solutions for senior living communities.
George NetscherCEO/FounderPersonFounder of SafelyYou and a software developer who started the company to improve elder care solutions.
Qualcomm VenturesInvestorCompanyA venture capital firm participating in SafelyYou’s Series C funding round.
Touring CapitalLead InvestorCompanyThe lead investor in SafelyYou's Series C funding round.
Foundation CapitalInvestorCompanyParticipating investor in the Series C funding round for SafelyYou.
Omega Healthcare InvestorsInvestorCompanyParticipating investor in SafelyYou’s Series C funding round.
Founders FundInvestorCompanyParticipating investor in SafelyYou's Series C funding round.
Cross Creek AdvisorsInvestorCompanyParticipating investor in SafelyYou’s Series C funding round.
Samsung NextInvestorCompanyParticipating investor in SafelyYou’s Series C funding round.
Centers for Disease Control and Prevention (CDC)Information SourceGovernmentProvides statistics on falls and injuries among the elderly.