Agetech World explores the latest investment developments in the world of healthcare and age technology.
€35m to expand AI-enabled technology across senior care facilities globally
Corporate venture firm of Angelini Industries, Angelini Ventures, has co-led an oversubscribed €35m Series B financing round in Nobi, an AgeTech company tackling global ageing challenges.
Nobi is working to improve elderly care by delivering innovative solutions in fall detection, fall prevention, and smart care into care homes with its AI-powered smart light.
The proceeds of the Series B financing will enable Nobi to strengthen its market leadership position in the UK and US and enhance the platform with new features to improve care home workflows.
$7M in funding to support AI-powered forecasts for long-term care needs
Financial technology company Waterlily has raised US$7m in its Seed funding round.
Waterlily uses AI to predict long-term care needs decades before they happen, including estimating costs. The accuracy and specificity of Waterlily’s machine learning algorithms enable it to predict a user’s likelihood of needing long-term care, the age at which their needs will begin, how their needs will progress over what time period, and how many hours or months of care specific family members, professional caregivers, or care facilities will provide.
The company has said the funding will enable Waterlily to grow its platform, create more advanced AI-powered tools, and accelerate its ability to create a suite of much more customised data-driven solutions.
US$150m to scale AI technology for fall predictions
Home healthcare provider Cera has confirmed it has raised $150m to scale up its AI-powered technology that predicts risks of falls and hospitalisations.
The funding will help to enhance the technology, already being integrated into the NHS, which Cera says has already been successful in reducing falls by 20 per cent and hospitalisations by 70 per cent.
US$11.5m will fund launch of new CareHub platform
Predictive analytics company IntusCare has raised US$11.5m, bringing the company’s total funding to over US$27m.
The company has confirmed the funding will support the launch of CareHub, a comprehensive care management platform, and support the expansion of IntusCare’s existing products and to accelerate its AI research.
US$260m funding to expand health body scan service
Health tech company Neko Health has raised US$260m Series B funding to expand its bodyscan services that aim to help people stay healthy through preventative measures and early detection.
The scan maps millions of health data points on the body, checking for moles and marks across the body, symptoms of metabolic syndrome, risk factors for stroke and heart attack,blood sugar levels to assess pre-diabetes risk, as well as checking for skin cancer and blood abnormalities.
Currently based in Stockholm and London, the company is now building out capacity with further locations and new regions.
