CarePredict, a remote monitoring company that developed a wearable sensor for seniors, is in the midst of raising money. The funding will be used to support large scale studies of the device in senior living and home care settings, according to a source close to the company. So far it has raised at least $1 million according to Form D filing with the Securities and Exchange.
The wearable — CarePredict Tempo — comes as a bracelet or men’s watch band and works with a group of beacons. The company expects it to go to market next year at a price of $169 along with a monthly monitoring fee of nearly $30 per month.
The goal of the device is to help families keep track of loved ones and detect any changes in their routine that could signal a decline in their health such as walking slower, spending more time sitting or in bed. It alerts families with a text message. The device also keeps a log of daily activity.
With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
The StartUp Health portfolio company was founded by Sattish Movva, the founder and CEO and Dr Krishna Vedala,, is one of several seeking to help seniors stay in their own homes for longer.Movva previously founded ContinuLink, a homecare, medical staffing and hospice IT software as a service platform. He sold the company to Procura in 2011 and Movva left the company in 2013, according to his LinkedIn profile.
