FARMINGTON, Conn., May perhaps 25, 2023 /PRNewswire/ — Horizon Technologies Finance Company HRZN (“Horizon”), a foremost specialty finance business that supplies capital in the sort of secured loans to enterprise money backed corporations in the technologies, lifetime science, healthcare details and solutions, and sustainability industries, introduced right now it has provided a $30 million undertaking personal loan facility to SafelyYou, Inc. (“SafelyYou”), of which $10 million has been in the beginning funded.
SafelyYou has produced an innovative remote care platform that combines authentic-time AI online video technologies with a 24/7 remote medical group. Senior dwelling communities that use SafelyYou’s technology have noticeably lowered resident fall rates and drastically decreased emergency room visits, ensuing in improved care for people and reduced charges for senior dwelling operators. SafelyYou is backed by top rated-tier traders which includes Eclipse Ventures, Foundation Funds, DCVC, Founders Fund, and Omega Healthcare Buyers, Inc. SafelyYou will use the loan proceeds to more its mission of elevating the top quality of dementia treatment and creating its innovative care readily available to far more people today.
“SafelyYou’s innovative technological know-how delivers senior dwelling communities, residents and their households with an invaluable services that contributes drastically to strengthening care for individuals residing with Alzheimer’s and dementia,” reported Gerald A. Michaud, President of Horizon. “In addition to rapidly detecting falls, SafelyYou enables caregivers to proactively stop potential falls by examining distinct video clip of a tumble event by way of a protected internet portal. We imagine the advantages of this transformative engineering will guide to its adoption in assisted dwelling and competent nursing services across the United States. Horizon is pleased to aid SafelyYou’s program to grow by generating its engineering extra extensively readily available.”
“We are thrilled to acquire Horizon’s support as we further more our mission to reshape dementia treatment, supporting individuals dwelling with Alzheimer’s, their families, and the communities that assist treatment for them,” explained George Netscher, founder and CEO of SafelyYou. “SafelyYou’s blend of earth-leading AI engineering and specialist scientific assist signify on-web-site staff not only see and comprehend how falls take place, they also get insights into how to retain them from occurring once again. As a outcome, communities are able to present a amount of person-centered treatment hardly ever prior to achievable. The support from Horizon signifies that better-high quality treatment will reach a greater range of people.”
About Horizon Know-how Finance
Horizon Technology Finance Corporation HRZN is a main specialty finance business that offers cash in the variety of secured financial loans to enterprise capital backed providers in the know-how, lifestyle science, health care data and products and services, and sustainability industries. The financial commitment objective of Horizon is to optimize its investment portfolio’s return by producing latest income from the debt investments it tends to make and capital appreciation from the warrants it gets when building these credit card debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional office in Pleasanton, California, and financial investment professionals found in Austin, Texas, Chicago, Illinois, Reston, Virginia and Portland, Maine. To find out a lot more, remember to visit www.horizontechfinance.com.
Originating in 2015 as the doctoral investigation of CEO George Netscher—and influenced by his very own family’s working experience with Alzheimer’s disease—SafelyYou was spun out of UC Berkeley’s Synthetic Intelligence Investigate Lab, a person of the prime 5 AI study groups in the planet. The firm’s passionate mission is to empower safer, more human being-centered dementia care as a result of planet-leading, serious-time AI online video technological innovation and 24/7 distant clinical industry experts. SafelyYou is made use of by qualified nursing amenities and assisted dwelling communities all across North America—from the biggest nationwide companies to regional and local kinds, far too. SafelyYou is one of five most revolutionary slide technologies referenced in the Senate Falls Report (2019).
SafelyYou provides a voice to those dwelling with Alzheimer’s and other sorts of dementia. Its AI-enabled cameras see critical treatment moments in true-time by means of subtle artificial intelligence. SafelyYou’s remote scientific gurus permit a stage of predictive, individual-centered dementia care that solves a vital problem throughout senior treatment by cutting down falls and drop-associated ER. For more on SafelyYou, pay a visit to www.properly-you.com.
Ahead-On the lookout Statements
Statements provided herein may perhaps represent “forward-on the lookout statements” inside the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical information integrated in this press launch may well represent forward-hunting statements and are not ensures of long term overall performance, ailment or effects and involve a range of pitfalls and uncertainties. Real outcomes may well differ materially from these in the ahead-seeking statements as a consequence of a amount of factors, such as those described from time to time in the Company’s filings with the Securities and Trade Commission. Horizon undertakes no responsibility to update any forward-searching assertion produced herein. All ahead-seeking statements converse only as of the day of this push launch.
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