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AgeTech Company Voxela Completes a Pre-Series A Round of Fundraising
Shaping the future of care with an AI-powered care management solution to reinvent the eldercare industry. SAN FRANCISCO-(BUSINESS WIRE)-November 12, 2024- Voxela, Inc. (Voxela), which created the AI care management system Voxela VCare, has completed its pre-Series A funding round. The company's proven track record of deployments in Japanese care facilities, unparalleled features, and high accuracy have been lauded globally and are now driving accelerated sales. Voxela's Mission Voxela aims to redefine the future of caregiving globally, with expertise in the Japan and the US markets, by leveraging technology to deliver personalized care for each resident while helping facilities deliver more efficient and effective care. Aligned with this mission, Voxela offers a service powered by AI-driven image analysis technology. This service detects accidents and risks, such as falls or wandering in care facilities and hospitals, while providing comprehensive monitoring, incident reporting, evaluation, and prevention. Voxela's Solution Voxela leverages cutting-edge AI technology to offer "Voxela VCare," addressing eldercare challenges with rapid and effective solutions. By delivering this service, Voxela drives innovation across the eldercare industry globally. AI analyzes real-time video footage from facility monitoring cameras while ensuring absolute privacy. When irregular incidents are detected, caregivers are notified and provided with the video, enabling an accurate, prompt response. Additionally, the accumulated data allows for predictive analysis of future risks, helping to prevent accidents before they occur. Achievements Facilities that have implemented the system report a significant reduction in irregular incidents and praise for the low installation and implementation costs. The accompanying app has also been highly rated for its ease of use and minimal operational burden. By reducing the workload in eldercare environments struggling with staff shortages, the system provides higher-quality care services, leading to increased inquiries from across the globe. Customer Quotes from Alive Medicare, inc CEO, Mr. Yasuda. How Voxela is Benefitting Alive Medicare's Management: "Voxela VCare addresses the core issue of managing a care business by enabling true productivity improvement. This single-camera solution from Voxela is comparable to having a care manager and a dedicated 24-hour monitoring staff in every room. It watches over the rooms and effectively identifies multiple care needs, providing clear suggestions for each. As a result, we have been able to reclaim the 'time' we once believed was only attainable through labor-intensive methods. This reclaimed time is reinvested in direct interactions between our staff, residents, and their families, creating higher satisfaction, improving occupancy and retention rates, and transforming our revenue structure into a 'win-win-win' model that fosters overall well-being." How It Supports On-Site Operations: "Thanks to Voxela VCare, we can now understand the state of each room in advance, prioritize our responses to nurse calls, and greatly enhance our ability to predict, detect, address, and prevent incidents like falls. We expect it to contribute to resolving many care challenges. For issues such as dementia-related BPSD and other care challenges, having data-driven insight into 'timing,' 'frequency,' 'location,' and 'observed behaviors' gives us a powerful advantages in providing effective care. This allows us to deliver appropriate care at an early stage, which can lead to potential improvements in residents' conditions. Moreover, this information is anticipated to be instrumental in supporting the learning and growth of our staff." Future Outlook The number of facilities using the product has steadily increased in the two years since its release. With the funds raised in this round, the company aims to further enhance its features and accelerate domestic and international adoption. By combining innovative technology with a deep understanding of the industry, the company will continue to update and expand its caregiving solutions, ensuring that elderly people worldwide can live with dignity and their families can live with peace of mind. Japan has faced the challenge of an aging population a few years ahead of other developed countries, which is why Japan has the potential to create a new global standard. Voxela will continue to support elderly individuals, caregivers, and those striving to transform the caregiving industry through AI. About Voxela Inc. Voxela Inc., a technology company based in Silicon Valley, was founded in 2022 by serial entrepreneurs Yuta Endo, Goutham Kamath, and Yusuke Yoshida. Through developing next-generation caregiving solutions utilizing AI image analysis technology, Voxela has reinvented what eldercare should be with a mission to ensure everyone receives exceptional care. The AI care management service Voxela VCare is being deployed in care facilities across Japan. It plans to expand its market primarily in Asia and North America. View source version on businesswire.com: https://www.businesswire.com/news/home/20241112668407/en/
VentureBeat
Tue, 12 Nov, 8:05 PM UTC
VoxelSensors Unveils Groundbreaking Contextual Intelligence Solution at CES 2025
Enter your email to get Benzinga's ultimate morning update: The PreMarket Activity Newsletter LAS VEGAS, Dec. 23, 2024 (GLOBE NEWSWIRE) -- VoxelSensors, a Belgian deep-tech startup, is excited to announce at CES 2025 its innovative solution focusing on enabling a future where AI empowers technologies like humanoid robots and smart agents to communicate with people as naturally as individuals interact with one another. VoxelSensors technology is geared at gathering 'first person view' frontier data off of wearable devices to enable and deploy advanced contextual intelligence models to understand and assist any specific user in the context of their real-world experiences. The resulting foundational models will be capable of adopting personalized, contextual insights. Most notably, integrating non-verbal cues that are missing in current datasets and models and are essential to gaining human-level interaction. VoxelSensors leverages advanced sensing methods to gather accurate data about how individuals interact with their environment, providing smart, real-time agentic assistance tailored to the unique context of each user. Our proprietary mix of the industry's most efficient light sensing SPAES sensors and the PERCEPT inference module forms a real-time sensor-fusion system for wearable devices, enabling unparalleled data collection that is both efficient and cost-effective, collecting only the data relevant for interpreting relevant experiences. By proactively modulating data collection based on user context, VoxelSensors revolutionizes the way AI processes user data, facilitating personalized insights that enable agentic user experiences. Our SPAES sensors excel in world, spatial/3D, and gaze sensing, delivering over 10X improvements in accuracy, latency, and power consumption compared to conventional methods. Supported by leading industry innovators, VoxelSensors is poised to lead the next generation of AI contextual interaction technologies. With a team that holds decades of experience in transforming complex hardware and software into scalable products -- as evidenced by our previous success in selling a sensing venture to Sony -- we are uniquely positioned to drive the intelligent agent revolution. "We are collecting user point of view data with which we see the world as close as possible to the way the user does. This is achieved through our expertise in developing cutting-edge sensing technologies and data sciences. We believe this will enable the next generation of AI, offering contextual and reasoning abilities that will usher in the age of autonomous agents and superintelligence," said Johannes Peeters, CEO of VoxelSensors. Join us at CES 2025 to experience firsthand how VoxelSensors is shaping the future of human-computer interaction. Discover the potential of contextual intelligence and witness how our technology can redefine user experiences in today's increasingly connected world. For more information about VoxelSensors and our innovative solutions, please visit www.voxelsensors.com. About VoxelSensors: VoxelSensors is a Belgian deep-tech startup committed to developing advanced sensing technologies that enhance human-centered contextual interaction. With a focus on efficiency and scalability, we aim to empower AI with the necessary contextual data for smarter and more personal insights. For Press Information contact: Karina Kovalenko - Marketing and Communications Manager Email: press@voxelsensors.com Website: https://voxelsensors.com/ LinkedIn: https://www.linkedin.com/company/voxelsensors A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/69b41118-817d-4535-ac2c-d025d1b49eb5 Market News and Data brought to you by Benzinga APIs
Benzinga
Mon, 23 Dec, 10:05 PM UTC
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