Resident perception and expertise platform TSOLife scored $43 million in a Collection B funding spherical led by PeakSpan Capital, bringing the corporate’s complete funding to $52 million.
WHAT IT DOES
TSOLife’s AI platform, Minerva, simplifies information creation by way of embedded analytics, permitting senior dwelling communities to gather and use information to help in decision-making.
The Minerva platform transforms recorded audio interviews into full digital resident profiles that present complete insights into every particular person.
The platform analyzes every resident’s digital profile to determine potential friendships inside communities, enabling employees to introduce prospects and present residents to new associates and coordinate like-minded teams.
The Florida-based firm will use the funds to expedite product growth, improve its AI capabilities, enhance buyer assist and broaden its mission of bringing data-driven and AI-powered operational enhancements to senior dwelling communities.
“We’ve confirmed our capacity to strengthen the social drivers of well being, connection, function and engagement, to meaningfully enhance high quality of life and lengthen residents’ size of keep by greater than six weeks,” David Sawyer, founder and CEO of TSOLife, stated in a press release.
“This funding spherical will speed up our capabilities to embed customized, resident-first assist into the on a regular basis interactions, processes and selections that form group life.”
MARKET SNAPSHOT
Different firms within the senior dwelling house embrace SafelyYou, a maker of AI-enabled expertise for fall detection and prevention.
In January, it closed a $43 million Collection C funding spherical led by Touring Capital, bringing its complete increase to greater than $100 million.
Samsung Subsequent, Omega Healthcare Traders, Basis Capital, Founders Fund, Cross Creek, and Qualcomm Ventures participated within the spherical.
In 2021, months after closing its $19.5 Collection A spherical, the corporate secured $30 million in Collection B funding.
In 2021, UpsideHōM, a Fort Lauderdale, Florida-based startup, raised $2.25 million in an oversubscribed seed funding spherical.
The spherical was co-led by Triple Affect Capital and Freestyle Capital and had extra participation from Techstars.
UpsideHōM provides totally managed residences for older adults with a bunch of facilities, together with on-demand concierge companies, one invoice for utilities, grocery supply, common housekeeping, and digital and in-person studying alternatives.
