FARMINGTON, Conn., Could 25, 2023 /PRNewswire/ — Horizon Know-how Finance Company (NASDAQ: HRZN) (“Horizon”), a number one specialty finance firm that gives capital within the type of secured loans to enterprise capital backed firms within the expertise, life science, healthcare data and companies, and sustainability industries, introduced at present it has supplied a $30 million enterprise mortgage facility to SafelyYou, Inc. (“SafelyYou”), of which $10 million has been initially funded.
SafelyYou has developed an revolutionary distant care platform that mixes real-time AI video expertise with a 24/7 distant medical workforce. Senior dwelling communities that make the most of SafelyYou’s expertise have significantly diminished resident fall charges and considerably lowered emergency room visits, leading to improved look after residents and diminished prices for senior dwelling operators. SafelyYou is backed by top-tier traders together with Eclipse Ventures, Basis Capital, DCVC, Founders Fund, and Omega Healthcare Traders, Inc. SafelyYou will use the mortgage proceeds to additional its mission of elevating the standard of dementia care and making its revolutionary care accessible to extra individuals.
“SafelyYou’s superior expertise gives senior dwelling communities, residents and their households with a useful service that contributes considerably to enhancing look after these dwelling with Alzheimer’s and dementia,” stated Gerald A. Michaud, President of Horizon. “Along with rapidly detecting falls, SafelyYou permits caregivers to proactively forestall future falls by reviewing clear video of a fall occasion by way of a safe net portal. We consider the advantages of this transformative expertise will result in its adoption in assisted dwelling and expert nursing services throughout the USA. Horizon is happy to assist SafelyYou’s plan to develop by making its expertise extra broadly accessible.”
“We’re thrilled to obtain Horizon’s assist as we additional our mission to reshape dementia care, supporting these dwelling with Alzheimer’s, their households, and the communities that assist look after them,” stated George Netscher, founder and CEO of SafelyYou. “SafelyYou’s mixture of world-leading AI expertise and knowledgeable medical assist imply on-site employees not solely see and perceive how falls occur, in addition they get insights into the best way to hold them from taking place once more. In consequence, communities are capable of present a degree of person-centered care by no means earlier than attainable. The assist from Horizon implies that higher-quality care will attain the next variety of residents.”
About Horizon Know-how Finance
Horizon Know-how Finance Company (NASDAQ: HRZN) is a number one specialty finance firm that gives capital within the type of secured loans to enterprise capital backed firms within the expertise, life science, healthcare data and companies, and sustainability industries. The funding goal of Horizon is to maximise its funding portfolio’s return by producing present earnings from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional workplace in Pleasanton, California, and funding professionals positioned in Austin, Texas, Chicago, Illinois, Reston, Virginia and Portland, Maine. To be taught extra, please go to www.horizontechfinance.com.
Originating in 2015 because the doctoral analysis of CEO George Netscher—and impressed by his family’s expertise with Alzheimer’s illness—SafelyYou was spun out of UC Berkeley’s Synthetic Intelligence Analysis Lab, one of many prime 5 AI analysis teams on the earth. The corporate’s passionate mission is to empower safer, extra person-centered dementia care by world-leading, real-time AI video expertise and 24/7 distant medical consultants. SafelyYou is utilized by expert nursing services and assisted dwelling communities all throughout North America—from the most important nationwide organizations to regional and native ones, too. SafelyYou is one among 5 most revolutionary fall applied sciences referenced within the Senate Falls Report (2019).
SafelyYou offers a voice to these dwelling with Alzheimer’s and different types of dementia. Its AI-enabled cameras see vital care moments in real-time by way of subtle synthetic intelligence. SafelyYou’s distant medical consultants allow a degree of predictive, person-centered dementia care that solves a vital drawback throughout senior care by decreasing falls and fall-related ER. For extra on SafelyYou, go to www.safely-you.com.
Statements included herein might represent “forward-looking statements” inside the which means of the Personal Securities Litigation Reform Act of 1995. Statements apart from statements of historic information included on this press launch might represent forward-looking statements and usually are not ensures of future efficiency, situation or outcomes and contain quite a few dangers and uncertainties. Precise outcomes might differ materially from these within the forward-looking statements on account of quite a few components, together with these described now and again within the Firm’s filings with the Securities and Change Fee. Horizon undertakes no obligation to replace any forward-looking assertion made herein. All forward-looking statements converse solely as of the date of this press launch.
SOURCE Horizon Know-how Finance Company