VirtuSense Technologies

Overview
Next-gen Medical Devices?
Product stageSegments
Expansion
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Monitoring devices
?

VirtuSense Technologies is a leading provider of artificial intelligence (AI) solutions for the healthcare industry. The company was founded in 2013 with the mission of enabling proactive healthcare through predictive AI technologies. VirtuSense's flagship product is VSTBalance, a fall risk assessment solution that uses machine vision and AI to quickly and objectively assess an individual's risk of falling. It conducts standardized fall risk screenings in under two minutes, compares the results against normative data, and provides automatic documentation.

Another key offering is VSTAlert, a fall intervention solution that can detect potential bed exits 20 to 60 seconds in advance, allowing care teams to intervene before a fall occurs. This system is an order of magnitude more accurate than traditional bed alarms and reduces false alarms by 95%, mitigating alarm fatigue. VirtuSense has also developed VSTHome, a fall protection solution for seniors living at home, which continuously monitors daily activities and alerts caregivers of potential health issues.

In November 2022, VirtuSense was ranked No. 289 on the Deloitte Technology Fast 500, a ranking of the fastest-growing technology companies in North America, having achieved 502% revenue growth. The company attributes this success to its talented team and clear, outcomes-based market value. As of 2022, VirtuSense has deployed over 100 systems to hospitals, skilled nursing facilities, outpatient clinics, and universities across the country, including renowned healthcare providers.

In August 2022, VirtuSense was acquired by a leading healthcare technology company for an undisclosed amount. The acquisition will allow VirtuSense's innovative AI solutions to be integrated into the acquirer's comprehensive suite of patient monitoring and clinical surveillance technologies.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
801 W Main St Peoria IL USA
Founded year:
2012
Employees:
11-50
IPO status:
Unknown
Total funding:
-
Last Funding:
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Last valuation:
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