Israeli startup Sensi.AI has raised $45 million in Series C funding to grow its AI-powered platform that helps improve senior care.
The funding round was led by Qumra Capital, with support from existing investors such as Zeev Ventures, Insight Partners, Entrée Capital, Flint Capital, and Jibe Ventures. With this new round, the company’s total funding has now crossed $98 million.
By 2030, one out of every five Americans will be over the age of 65, and about 70% of them will need some long-term care.
However, the current care systems — including homecare agencies, long-term facilities, and families — are already struggling with high costs, staff shortages, and limited capacity.
Sensi.AI has created a solution called “Care Intelligence”, which uses continuous monitoring, predictive analytics, and automation tools to help seniors and caregivers. Its main tool, the Care Agent, uses advanced audio-based AI to detect and predict important care events, giving a complete view of an older person’s physical, emotional, and mental health.
The platform also includes extra tools called Growth Agent and Ops Agent, which help automate daily tasks and manage care demand. These tools help care agencies reduce administrative costs and respond more quickly to the needs of seniors.
Sensi’s system is built on what the company says is the largest in-home care dataset in the industry. This big data foundation helps its AI learn and get smarter over time, allowing it to better understand the complexities of human care.
According to the company, its main customers — care agencies — have seen their revenues grow by 400% in the past year. They’ve also reported improvements in patient safety, independence, and overall quality of life.
“We started with a mission to ensure no older adult is left behind in the aging journey,” said Romi Gubes, CEO and co-founder of Sensi.AI. “With the support of leading investors, we are accelerating innovation at a pace that seniors and the stakeholders who serve them cannot afford to wait for.
Sensi is now expanding beyond home care into assisted living, independent living, and retirement communities. The company is also working with dementia and aging expert Teepa Snow to offer personalized care coaching when and where it’s needed.
With the new funding, Sensi plans to turn its platform into an “AI Operating System for Senior Care.” This system will help care agencies, facilities, families, and organizations better manage and scale eldercare services.
“The immense value that Sensi is already bringing to the entire care ecosystem is a real game changer,” said Boaz Dinte, Managing Partner and Co-Founder of Qumra Capital. “The team is trailblazing Care Intelligence with groundbreaking AI technology and meaningful use cases in AgeTech. We’re excited to join forces with Sensi.ai, partnering in their journey to become a truly impactful market leader.”
Read more- SoftBank and Oracle Partner to Launch Sovereign Cloud in Japan
