Digitalis is a venture capital firm that that invests in solutions to complex problems in human and animal health.  Digitalis partners with entrepreneurs, inventors, and scientists across all stages of venture investing, and our investments span the full continuum of the healthcare ecosystem. It was founded in 2016 and is Headquartered in New York, New York with regional offices in Boston, Los Angeles, and San Francisco.

Digitalis Ventures

Somatix

Somatix is a software platform developer of wearable-enabled RPM (Remote Patient Monitoring) solutions for healthcare.   This cost-effective platform uses patented gesture detection technology, artificial intelligence, and machine learning algorithms to analyze users' gesture data in real-time. The algorithms remotely and passively detect physical and emotional indicators such as risk factors for adverse events, poor medical compliance, inactivity, falls, and dehydration. This data delivers important clinical insights to healthcare providers and organizations helping them maintain continuous contact with and improve the wellbeing of those under their care. The Somatix software platform generates insights using existing sensors embedded in commercial, off-the-shelf smartwatches, smart bands, and IoT devices, as well as Somatix’s own branded smartband.

Somatix uses AI and wearable technology to provide remote patient monitoring solutions for various settings, such as hospitals, senior living, and smoking cessation. Its main product, SafeBeing, is a platform that tracks and analyzes the gestures and behaviors of patients or seniors using a smartband and a mobile app. SafeBeing can monitor aspects such as walking, sleeping, falling, drinking, medication intake, smoking, emergency button, activity levels, wandering, heart rate, oxygen saturation, risk of urinary tract infections, pressure sore risk, and readmission risk. The platform also provides alerts, insights, and reports to the caregivers via the SafeBeing Caretaker app and allows residents to manage their own activity and well-being through the SafeBeing resident app and the SafeBeing resident wearable smartband.

A concentration of wealth and a willingness to adopt age-in-place technologies present new opportunities.

Age Tech

Premier Wireless & Somatix Form New Partnership to Bring Novel Gesture-Based Remote Patient Monitoring ...

Somatix uses AI and wearable technology to provide remote patient monitoring solutions for various settings, such as hospitals, senior living, and smoking cessation. Its main product, SafeBeing, is a platform that tracks and analyzes the gestures and behaviors of patients or seniors using a smartband and a mobile app. SafeBeing can monitor aspects such as walking, sleeping, falling, drinking, medication intake, smoking, emergency button, activity levels, wandering, heart rate, oxygen saturation, risk of urinary tract infections, pressure sore risk, and readmission risk. The platform also provides alerts, insights, and reports to the caregivers via the SafeBeing Caretaker app and allows residents to manage their own activity and well-being through the SafeBeing resident app and the SafeBeing resident wearable smartband.Key customers and partnershipsSomatix partnered with PointClickCare in <a href="https://www.globenewswire.com/news-release/2020/04/01/2010256/0/en/Somatix-Announces-Integration-with-PointClickCare.html">April 2020</a> to integrate its system into PointClickCare’s platform. Through the partnership, Somatix’ SafeBeing was fully integrated with PointClickCare’s core electronic health record (EHR) platform, allowing users to benefit through passive data collection via SafeBeing, enabling caregivers to continuously monitor and analyze seniors' daily routines. Somatix then partnered with Roche in <a href="https://www.newswire.com/news/somatix-and-roche-partner-to-bring-unique-ai-powered-remote-monitoring-21771589">July 2022</a> to provide an AI-powered remote patient monitoring solution for patients with dementia. Through the partnership, Somatix provided its SafeBeing monitoring solution to dementia patients in Portugal as a part of Roche's "Building Tomorrow Together" initiative, run by Beta-i. The companies then expanded their partnership in <a href="https://www.newswire.com/news/somatix-and-roche-launch-an-only-of-its-kind-medication-compliance-22080749">July 2023</a> to launch a medication compliance capability service, which used AI-enabled wearable technology to help monitor patients with early- and mid-stage dementia.

Honor provides a platform for elderly persons and their families to find home care providers, and is claimed to be one of the largest on-demand home care networks in the US. The company’s key offerings include Home Care, Family Caregiver Resources, and the Honor Family App and Honor Family Care Network for remote monitoring.In August 2021, Honor announced the acquisition of home care provider Home Instead at an undisclosed value. The merged entity was expected to combine for over USD 2.1 billion home care services revenue.&nbsp; Key customers and partnershipsAs of August 2021, Home Instead had around 90,000 caregivers serving at 1,200 locations across the US and global markets. Home Instead acquired UK-based online platform SuperCarers in June 2020. It connects professional caregivers to elderly people seeking at-home care. Prior to the acquisition, SuperCarers had raised a total of GBP 4.9 million (USD 6.6 million).It also partners with the Organisation for the Review of Care and Health Applications (ORCHA) to provide quality assured apps for psychological wellbeing, physical activity, and mental stimulation.

Honor

Eargo specializes in developing hearing aid and related services. Eargo has four products in its lineup: Link by Eargo, Eargo SE, Eargo Neo HiFi, Eargo 6, and Eargo 7. The company’s products are unique due to its design meant to keep the device invisible when plugged in.The products are priced between USD 749 (Link by Eargo) and USD 2,490 (Eargo 7). The Eargo Neo HiFi comes alongside an app and offers connected smart features such as audio personalization and control. The app allows the user to control the audio to suit their surroundings, customize settings, and contact Eargo's licensed hearing professionals for consultation and support.In October 2020, Eargo was listed as a public company and then acquired by Patient Square Capital In October 2023. Via the acquisition, Patient Square Capital acquired all outstanding shares of Eargo—that were not owned by Patient Square—at USD 2.55 per share. Key customers and partnershipsThe company utilizes a business-to-consumer (B2C) online retail strategy compared to traditional business-to-business (B2B) model deployed by other manufacturers who sell their products through clinics. The strategy has proven beneficial through the Covid-19 pandemic as consumer footfall for brick-and-mortar clinics have declined.

Eargo

K4Connect provides technology solutions to residents and staff members in senior living communities through its K4Community platform. The company was co-founded by Scott Moody who sold his fingerprint sensor technology company AuthenTec to Apple for USD 356 million in 2012, which then became the basis for Touch ID.The platform's offerings include digital voice and video communication, and community updates for residents. It also provides smart home automation through the provisioning of plug and play Alexa devices for residents and supports smart thermostats, smart lights, motion sensors, and sleep tracking devices. In addition, community staff members have access to tools for resident surveys, resident and family management, and communications. During the Covid-19 pandemic, the platform also established an expanded video chat service to facilitate resident-to-resident communication, staff requests, yoga classes, and dining room bookings. Further, in March 2020, it partnered with software communications firm Bandwidth to introduce a hotline for staff and residents as a means of keeping all parties up to date with community information.The platform is built on the company’s patented operating system, FusionOS. The company claims that FusionOS is an advanced multi-modal edge-cloud architecture, the first of its kind in the senior living industry. Residents and staff can access the platform using a smartphone app or pre-provisioned tables in the living communities priced on a per-resident basis.As of July 2020, the platform served over 800 independent and assisted living senior living communities across the US. The platform serves over 29,000 users at more than 125 senior living communities across 27 customers as of February 2020, more than doubling its users from 2018, which it expects to repeat in 2020. The company has established channel partnerships with Allbridge (a data, video and voice solution provider for senior living) in July 2020, and Eskaton (a senior services provider) and White Horse Village (a continuing care retirement community) in May 2019. It collaborated with GlobalLogic (a digital product engineering company) in July 2020 to expedite the development schedule of its K4Community Plus app in response to Covid-19.

K4Connect

CarePredict was founded by Former IBM consultant and tech veteran, Satish Movva, and produces Tempo smart wearables for the elderly community. Using machine learning (ML), the company claims the app can reduce the chance of a fall, and predict urinary tract infections (UTIs) and depression ahead of a clinical diagnosis. The device aims to assist caregivers in taking preventive action by detecting activities and behaviors which are precursors to health declines. The data from the device can also be shared with family members.The company generates revenue from device sales and subscriptions. Independent research conducted in September 2020 indicated that facilities using CarePredict’s wearables reported 40% fewer hospitalizations 69%, lower fall rates, 67% increased length of stay, and a 37% improved staff response rate than facilities that did not use CarePredict.The company expanded its operations in 2018 through its acquisition of WiseWare, a company selling activity-tracking jewelry for older users. In April 2020, it launched the PinPoint contact-tracing tools to mitigate the spread of Covid-19.Key customers and partnershipsIn February 2021, the company announced its partnership with Middle Alabama Area Agency on Aging (M4A). M4A is the agency behind the “Providing Alzheimer's N' Dementia Assistance” (PANDA) project. The company will be the first tech platform to be part of the project and will provide caregivers assistance in remote monitoring and preventive care using its smart wearables.

CarePredict

Eversound develops wireless headphone systems to enhance the level of engagement and social interaction for the elderly living in assisted living or memory care centres. The platform provides a library of programmed content on a variety of topics. The headphone system can be used to communicate with caregivers, during group events, family visits, and for music therapy. The headphones are equipped with a wireless transmitter and volume controls. It connects to external audio sources such as community A/V systems, televisions, and audio devices.The product was unveiled in May 2016. In a subsequent six month study conducted by LCB Senior Living community, group events leveraging the Eversound system resulted in an 18% reduction of residents falling asleep and a 28% increase in engagement during group events. In December 2016, the company expanded to 18 states across the US.In March 2020, as a part of its Covid-19 response, the company launched a live streamed, interactive content service to help seniors combat isolation. Further, as in-person visits at assisted living communities were interrupted due to the Covid-19 pandemic, the use of Eversound’s visitation package proved to be crucial for socially distanced in-person visits. Key customers and partnershipsAs of December 2020, the company’s product is being used in more than 700 senior living communities across the US. Its clients include senior living communities such as Brightview, Commonwealth, and Oakmont. In addition, Eversound has established partnerships with senior living communities (such as The Arbor Company, Bridges by EPOCH, Christian Horizons, and Kisco) to roll out its devices for family visitations, and programmable and live streamed content.

Eversound

Tech-enabled equipment or companionship services that help elderly people function independently.

Platforms that match seniors with home care providers as well as app-based products to facilitate communication between senior families and caregivers

Tech-enabled products used to diagnose, prevent, and treat conditions common among seniors.

Remote monitoring, medical diagnosis, communication, and coordination between caregivers and families of the elderly.

Platforms that help seniors interact socially and communicate with others.

Platforms that help seniors and their families plan and make arrangements to settle the senior’s estates and affairs in the event of death.

Companies that use GenAI as a core part of their product offering for Age Tech

Offers digital platforms that support the wellness of the senior population

Age Tech providers incorporate GenAI to enhance both seniors’ and caregivers’ experiences

Many devices that help seniors operate independently and receive remote treatment use IoT

Some companies use VR to help treat seniors with conditions such as isolation and dementia

Somatix

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