FARMINGTON, Conn. , May well 25, 2023 /PRNewswire/ — Horizon Technologies Finance Corporation (NASDAQ: HRZN ) (“Horizon”), a top specialty finance enterprise that supplies capital in the kind of secured loans to venture capital-backed providers in technologies, science of the life, well being data and solutions and sustainability industries, announced currently that SafeliYou, Inc. (“SafelyYou”) secured a venture loan of $30 million, of which $ten million was initially financed.
SafelyYou has created an revolutionary telecare platform that combines genuine-time AI video technologies with a 24/7 remote clinical group. Senior living communities utilizing SafeliYou’s technologies have drastically decreased resident fall prices and drastically decreased emergency area visits, resulting in enhanced care for residents and decreased fees for senior operators. SafeliYou is backed by leading investors which includes Eclipse Ventures, Foundation Capital, DCVC, Founders Fund and Omega Healthcare Investors, Inc. SafeliYou will use the proceeds of the loan to additional its mission of raising the top quality of dementia care and enabling revolutionary care for extra folks.
“SafeliYou’s sophisticated technologies supplies senior living communities, residents and their households with an invaluable service that drastically improves care for these living with Alzheimer’s and dementia,” mentioned Gerald A. Michaud, president of Horizon. “In addition to speedily detecting falls, SafeliYou makes it possible for caregivers to proactively stop future falls by viewing a clear video of the fall by way of a safe internet portal.” We think the advantages of this transformative technologies will lead to its adoption in assisted living facilities and skilled nursing facilities across the United States. Horizon is pleased to help SafeliYou’s strategy to develop by creating its technologies extra accessible.”
“We are thrilled to acquire Horizon’s help as we continue our mission to transform dementia care, supporting these living with Alzheimer’s illness, their households and the communities that support care for them,” mentioned George Netcher, founder and CEO of SafelyYou. “The mixture of SafeliYou’s planet-top artificial intelligence technologies and specialist clinical help signifies that on-website employees not only see and fully grasp how falls take place, but also achieve insight into how to stop them from taking place once more.” As a outcome, communities are in a position to give a level of particular person-centered care that was by no means feasible ahead of. Horizon’s help signifies that greater top quality care will attain a bigger quantity of residents.”
About Һorizon Tecһnologi Finance
Һorizon Tecһnologi Finance Corporation (NASDAK: ҺRZN) is a top specialty finance enterprise that supplies capital in the kind of secured loans to venture capital-backed providers in the technologies, life sciences, data and healthcare and sustainability industries. Horizon’s investment objective is to maximize the return on its investment portfolio by creating existing revenue from the debt investments it tends to make and capital appreciation from the warrants it receives when creating such debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional workplace in Pleasanton, California, and investment specialists in Austin, Texas, Chicago, Illinois, Reston, Virginia and Portland, Maine. To find out extra, take a look at www.һorizontecһfinance.com.
Developed in 2015 as CEO George Netcher’s PhD research—and inspired by his family’s practical experience with Alzheimer’s disease—SafelyYou was spun out of UC Berkeley’s Artificial Intelligence Study Lab, a single of the leading 5 artificial intelligence study groups in the planet. The company’s passionate mission is to empower safer, extra particular person-centered dementia care by way of planet-top genuine-time video technologies and 24/7 remote clinical professionals. SafeliYou is employed by skilled nursing facilities and assisted living communities across North America — from the biggest national organizations to regional and regional ones, as well. SafeliYou is a single of the 5 most revolutionary falls technologies listed in the Falls Senate Report (2019).
Safeliou provides voice to these living with Alzheimer’s and other types of dementia. Its AI-powered cameras see important care moments in genuine time by way of sophisticated artificial intelligence. SafeliYou’s clinical professionals remotely allow a level of predictive, particular person-centered dementia care that solves a important challenge in elder care by decreasing falls and fall-connected emergency care. For extra data about SafeliIou, take a look at www.safeli-iou.com.
Statements incorporated in this document may well constitute “forward-seeking statements” inside the which means of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical truth incorporated in this press release may well constitute forward-seeking statements and are not guarantees of future overall performance, situation or benefits and involve a quantity of dangers and uncertainties. Actual benefits may well differ materially from these in the forward-seeking statements as a outcome of a quantity of variables, which includes these described from time to time in the Company’s filings with the Securities and Exchange Commission. Һorizon undertakes no obligation to update any forward-seeking statement produced herein. All forward-seeking statements speak only as of the date of this press release.
Supply Һorizon Tecһnologi Finance Corporation