SafelyYou provides fall management and prevention services to seniors and individuals diagnosed with Alzheimer's disease, dementia, and conditions that cause cognitive impairments. Additionally, it provides personalized care plans to prevent future falls using AI pattern recognition. Further, it claims to reduce falls by 40% and fall-related ER visits by 80%.
The company’s flagship product, SafelyYou Respond, uses AI-enabled cameras to monitor and alert caregivers of fall events 24 hours a day, seven days a week. Its AI-video technology detects 99.5% of on-the-ground events, sending only one false alert per camera every two years.
Its other solutions include 1) Safely-You-Insight, which provides clinical fall prevention recommendations from the company’s experts, 2) SafelyYou Aware, which provides hourly video safety checks between 7 p.m. and 7 a.m., when the majority of falls occur, and 3) Safely-You Guardian, an AI hub installed in facilities.
Key customers and partnerships
The company claims its clients include 40% of the largest senior living providers.
Funding and financials
In May 2023 the company secured a USD 30 million venture loan facility from publicly-traded specialty finance company Horizon Technology Finance Corporation. The loan proceeds were used to enhance dementia care and increase the adoption of SafelyYou's platform.
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