SUMMARY
- Inspiren raised $70M in Series C funding.
- Funds will support AI platform and business growth.
- Inspiren provides AI technology for senior living.
Inspiren, a NYC-based provider of an AI-powered senior living care platform, has raised $70 million in a Series C funding round, led by NewView Capital, bringing the total amount to $225 million.
The round also saw participation from Insight Partners, Primary Venture Partners, Scale Venture Partners, Vintage Investment Partners, Lightbank, Avenir Growth Capital, Story Ventures and Camber Creek.
The company plans to use the fresh capital to scale its go-to-market efforts, advance its hardware ecosystem and deepen its AI platform capabilities.
Funding Snapshot
| Metric | Details |
|---|---|
| Fundraise Amount | $70 million |
| Total Funding | $225 million |
| Valuation | Not disclosed |
| Company | Inspiren |
| Sector | Healthcare / Senior Living / AI |
| Headquarters | New York City, USA |
| Lead Investor | NewView Capital |
About Inspiren
Founded in 2016 by Michael Wang, Inspiren provides an AI-powered technology ecosystem for senior living communities.
The platform combines physical AI, ambient awareness and resident and community data to provide caregivers with real-time insights into emergencies and changes in resident behavior.
Read More:Texas-Based TAR Raises $120M in Series A Funding Round
Inspiren delivers care technology across more than 80% of the largest senior housing investors, including AEW and Sabra Healthcare REIT, as well as operators such as Arrow Senior Living, Ascent Living Communities, Heritage Communities, Thrive Senior Living and Wellpointe.
Core offerings include:
- Real-time behavioral alerts
- Emergency alerts
- Fall detection
- Care utilization insights
- AI-powered ambient awareness
Core Technologies / Products / Services
| Capability/Product | Application/Use Case |
|---|---|
| Physical AI | Interprets activity in a resident's environment |
| Ambient Awareness | Helps caregivers understand what is happening in real time |
| Fall Detection | Identifies potential resident falls |
| Behavioral Alerts | Surfaces changes in resident behavior |
| eCall | Supports resident emergency communication |
Leadership Comments
"Inspiren's impact in our memory support communities was immediate, with fewer falls with injury, fewer emergency room visits, and a care team that had real-time clarity. We are excited to continue to work with Inspiren in the coming year throughout our portfolio," said Danielle Morgan, CEO of Clearwater Living.
"A decade from now, no one will accept that a resident's needs could go unknown behind a closed door. We are already making that unthinkable in the communities we serve and this funding puts it within reach for many more," said Michael Wang, Founder, and Chief Clinical Officer of Inspiren.
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