Sensi.AI raises $31 million Series B for elderly care platform after loss of key team member in war
The Israeli startup's audio-based solution enables elderly individuals to continue living at home rather than being hospitalized. Yuval Halivni, the company’s data operations lead, was killed on October 9th while serving in the reserves
Sensi.AI, which has developed audio-based technology for elderly care, announced on Wednesday that it has raised $31 million in Series B funding, mostly in equity with a minority in secondary deals. According to the company, its valuation increased significantly in this round, which brings the company's total fundraising to over $53 million. The round was co-led by Zeev Ventures and Insight Partners, with continued support from existing investors Entrée Capital, Flint Capital, Jibe Ventures and Secret Chord Ventures.
Full list of Israeli high-tech funding rounds in 2024
Sensi.AI's audio-based solution enables elderly individuals to continue living at home rather than being hospitalized. The escalating elder care crisis, marked by a severe shortage of caregivers and rising care costs, has propelled Sensi.AI's impressive threefold year-over-year growth.
Established in 2020, the company has 70 employees and offices in Tel Aviv, Austin, Texas, and Palo Alto, California. The Israeli branch employs approximately 40 people and experienced a poignant loss during the war with the death of Yuval Halivni, Data Operations Group Lead, while serving in the reserves on October 9th. "Yuval played a central role at Sensi.AI, successfully managing the organization's data operations from its inception and laying strong foundations for growth. He was deeply valued by both Israeli and American staff, touching everyone's lives. His loss in battle was a tragic event for us all. Since then, the company has actively honored his memory through initiatives such as memory books, memorial gatherings, and ongoing support for his family. Yuval was one of the most dedicated workers to Sensi's mission, working tirelessly to ensure its success, and his passing has deeply saddened us," the company said.
According to AARP, 90% of older adults prefer to age at home, yet a study by MissionCare Collective reveals that 89% of providers have been forced to deny home care due to the workforce crisis
Sensi.AI's audio platform aims to revolutionize home care by detecting and predicting care events while ensuring privacy. It provides agencies with critical insights into senior health for timely interventions and personalized care plans, reducing hospitalizations, improving caregiver-client relationships, and extending service durations to keep seniors at home longer.
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In an interview with Calcalist, Romi Gubes, co-founder and CEO of Sensi.AI, stated, "The company was founded four years ago and focuses on aging at home. We enable people to age at home as much as possible, monitoring home environments and detecting changing needs through audio-based software and hardware. We provide systems to businesses selling home care solutions, making a global impact with technology that has saved countless lives. Currently, we serve thousands of patients in the United States, primarily through small and medium-sized providers and individual customers."
