<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Soundwave Hearing has obtained FDA 510k clearance for Sontro, its over-the-counter hearing aids.
      </p>
    </li>
    <li>
      <p>
        Soundwave Hearing offers over-the-counter hearing aids that can be self-fitted and customized using AI and mobile technology. Its product, &ldquo;Sontro Self-Fitting OTC Hearing Aids,&rdquo; is designed for individuals over the age of 18 with mild to moderate hearing impairment and allows users to take an AI-based hearing test and adjust their hearing aid settings according to their personal preferences and requirements. The company&rsquo;s companion app also enables features such as noise reduction, feedback cancellation, and adaptive directionality.&nbsp;
      </p>
    </li>
    <li>
      <p>
        <b>Analyst Quicktake: </b>
        Soundwave Hearing is the most recent hearing aid provider to benefit from the 
        <a href="https://www.federalregister.gov/documents/2022/08/17/2022-17230/medical-devices-ear-nose-and-throat-devices-establishing-over-the-counter-hearing-aids">
          FDA&rsquo;s decision
        </a>
         to approve over-the-counter (OTC) sales of hearing aids to individuals with mild to moderate hearing loss. Last year, hearing aid provider 
        <a href="https://sp-edge.com/updates/14315">
          Yes Hearing noted
        </a>
         that this ruling would help raise sales and awareness for its hearing aids when it raised USD 10 million. Going forward, more interest might appear in the OTC hearing aid market now that companies have had time to take this ruling into consideration.&nbsp;&nbsp;
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20231102943260/en/Soundwave-Hearing-LLC-Announces-510k-FDA-Clearance-for-Sontro%C2%AE-Self-Fitting-OTC-Hearing-Aids-and-the-AI-award-winning-otoTune%C2%AE-app">
      Press release
    </a>
  </p>
  <p>
    <a href="https://www.mobihealthnews.com/news/soundwave-hearing-receives-510k-clearance-self-fitting-otc-hearing-aids">
      Mobi Health News
    </a>
  </p>
  <p>
  </p>
</div>


Silver Economy Tech

ANALYST_QUICK_TAKE

<div>
 
 <ul>
  <li><p>Soundwave Hearing has obtained FDA 510k clearance for Sontro, its over-the-counter hearing aids.</p></li>
  <li><p>Soundwave Hearing offers over-the-counter hearing aids that can be self-fitted and customized using AI and mobile technology. Its product, “Sontro Self-Fitting OTC Hearing Aids,” is designed for individuals with mild to moderate hearing impairment. Users can take an AI-based hearing test and adjust their hearing aid settings according to their preferences and requirements. The company’s companion app includes features such as noise reduction, feedback cancellation, and adaptive directionality.</p></li>
 </ul>
 
</div> <p><b>Analyst Quicktake: </b> Soundwave Hearing is the most recent hearing aid provider to benefit from the <a href="https://www.federalregister.gov/documents/2022/08/17/2022-17230/medical-devices-ear-nose-and-throat-devices-establishing-over-the-counter-hearing-aids"> FDA’s decision </a> to approve over-the-counter (OTC) sales of hearing aids to individuals with mild to moderate hearing loss. Last year, hearing aid provider <a href="https://sp-edge.com/updates/14315"> Yes Hearing noted </a> that this ruling would help raise sales and awareness for its hearing aids when it raised USD 10 million. Going forward, more interest might appear in the OTC hearing aid market now that companies have had time to take this ruling into consideration.&nbsp;&nbsp;</p>

Soundwave Hearing receives FDA clearance

DISRUPTOR_PRESENT

The care coordination platform, Sage, has recently secured $15 million in a Series A funding round. Maveron led the funding round, with participation from other venture capital firms. This brings the total funding raised by Sage to $24 million. The funds will be utilized to support the growth of various functions within Sage, expand its client base, and develop new product features. Additionally, Natalie Dillon, a partner at Maveron, will now become a member of Sage's board.

Sage raises USD 15 million in Series A funding

PROMINENT_CATEGORY

care.ai has integrated Google Cloud's GenAI and data analytics tools into its Smart Care Facility Platform to enhance healthcare facility management and patient care. By incorporating these tools, care.ai aims to alleviate administrative tasks, enhance patient care and safety, identify problems in advance, optimize workflows, and improve patient experiences. The platform utilizes Google Cloud's GenAI tools like Vertex AI, BigQuery, and Looker, along with care.ai's Ambient Intelligent Sensors, to deliver real-time ambient data and assist healthcare staff in generating discharge summaries and other relevant content.

care.ai to incorporate Google Cloud's GenAI and data analytics capabilities

Financial caregiving provider Carefull has secured $16.5 million in a Series A funding round led by Fin Capital, raising the total funds raised by the company to $19.7 million. The funds will be utilized to expand onboarding and support for new partners, improve product development, and comply with state regulations regarding the welfare of elderly Americans.

Carefull raises USD 16.5 million in Series A funding

Dwellr, a virtual senior housing marketplace, has secured $500,000 in pre-seed funding to support the launch and expansion of its online platform. The funding round was led by Move Venture Capital and Invest Nebraska. Dwellr's platform connects families with senior communities, allowing them to sort communities by different care levels. The company plans to initially launch its solution across several states, including Nebraska, Iowa, Missouri, and Colorado.

Dwellr raises USD 500,000 in pre-seed funding

Lottie, a caregiver platform, has raised $21 million in Series A funding led by Accel, with participation from General Catalyst, bringing its total funding to $31 million. The funds will be used to invest in the company's technology tools and to expand its team, with a goal of doubling its headcount by 2024. Lottie currently offers access to over 4,000 UK-wide care homes, home care services, and retirement living communities, and has over 500,000 monthly users, with a 300% year-over-year growth in customers.

Lottie raises USD 21 million in Series A funding

Digital health provider DUOS has unveiled its new DUOS+AI platform at the HLTH conference 2023. The platform utilizes a sophisticated language model to suggest services based on the social determinants of health for elderly individuals. DUOS+AI is a conversational interface that assesses the needs of members and connects them with appropriate resources. The company asserts that its artificial intelligence technology can understand different levels of literacy and accommodate multiple languages, ensuring accessibility and inclusivity.

DUOS launches DUOS+AI platform to provide vital resources for older adults

Elderly care coordination company Avanlee Care has teamed up with Mark Cuban Cost Plus Drug Company (MCCPDC) to offer affordable medications to caregivers and their loved ones. Avanlee Care's app, Ava, will now include MCCPDC's offerings, giving caregivers access to affordable medications. The app also allows users to track medications, monitor biometric data, schedule events, and shop and schedule deliveries from Walmart. Additionally, Avanlee users will now have access to Mark Cuban's online pharmacy through the Ava app.

Avanlee Care partners with Mark Cuban Cost Plus Drug Company to provide affordable medications

Savoy Life, a hybrid care coordination and delivery platform, has secured $3 million in a pre-seed funding round led by Red Cell Partners. The funds will be utilized to launch Savoy Life's initial products, which aim to enhance assisted-living operations and support caregivers. Based in Virginia, Savoy Life provides virtual care services and technology to facilitate operations, caregiving, and compliance for long-term care community partners. The company offers a range of solutions, including a move-in platform to improve occupancy rates, remote sensing and monitoring technology for patient care, and a clinical partner to address care coordination and delivery needs. They offer both in-person and virtual medical services.

Savoy Life launches from stealth; raises USD 3 million in pre-seed funding

Inbound Health, a home health and wellness provider, has raised $30 million in a Series B funding round, bringing its total funds raised to $50 million. The funding was led by HealthQuest Capital, with participation from other venture capital firms. The company plans to use the funds to expand into new markets and enhance its clinical programs, technology, and platform. As of September 2023, Inbound Health has treated over 6,500 patients across more than 350 Diagnostic-Related Groups.

All Updates