Senior Housing News August 26, 2024
A tech startup recently raised $38 million to expand its artificial intelligence-supported sensor and analytics platform for senior living.
The company, Butlr, announced Monday its additional Series B funding brings its larger investment pool to $68 million, with Foundry serving as the lead investor on the latest round of funding.
Butlr was “spun out” of the MIT Media Lab, an interdisciplinary research lab belonging to Massachusetts Institute of Technology (MIT). Through a series of magnetic sensors located inside a senior living community, the company’s namesake product uses thermal imaging and artificial intelligence to detect falls and record staffing and resident movement patterns.
Butlr can record and share anonymous data points such as someone’s temperature, body posture, indoor location and the...
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