AI-driven healthcare platform SafelyYou grabs $30m loan from Horizon

• SafelyYou will use the loan proceeds to further its mission of elevating the quality of dementia care and making its care available to more people
• Company spun out of UC Berkeley’s artificial intelligence research lab
• SafetyYou began in 2015 as the doctoral research of CEO George Netscher

Horizon Technology Finance has provided a $30 million venture loan to San Francisco-based SafelyYou. The company has developed a remote care platform that combines real-time AI video technology with a 24/7 remote clinical team.

SafelyYou will use the loan proceeds to further its mission of elevating the quality of dementia care and making its care available to more people.

SafelyYou’s backers include Eclipse Ventures, Foundation Capital, DCVC, Founders Fund, and Omega Healthcare Investors.

“SafelyYou’s advanced technology provides senior living communities, residents and their families with an invaluable service that contributes significantly to improving care for those living with Alzheimer’s and dementia,” Horizon president Gerald Michaud said in a statement. “In addition to quickly detecting falls, SafelyYou enables caregivers to proactively prevent future falls by reviewing clear video of a fall event via a secure web portal.”

Based in Farmington, Connecticut, Horizon Technology Finance Corporation provides loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries.

Originating in 2015 as the doctoral research of CEO George Netscher, SafelyYou was spun out of UC Berkeley’s artificial intelligence research lab.