Sage raises $65 million to expand AI-assisted care for ageing Americans

Sage, a New York-based senior care technology firm, said on Thursday it has raised $65 million in new funding to expand its artificial intelligence platform designed to help caregivers in nursing homes and assisted living facilities.

The Series C round was led ‌by Goldman ⁠Sachs ⁠Alternatives, with participation from existing investors IVP and Goldcrest.

CEO Raj Mehra said current tools in senior care "are not built for how care actually works" leaving staff to manage their entire shift with little more than pagers, paper logs, and a walkie-talkie


Sage installs room sensors and AI ⁠software that ‌scan for distress every few seconds and ​alert the ​right caregivers in real time, cutting response ⁠times to around three minutes, compared to up to ​45 minutes without the technology

The ​company plans to build predictive AI that monitors daily patterns like sleep changes, bathroom frequency, and nighttime movement to flag residents at high risk of falling or health decline before anything untoward happens

On privacy, Mehra said ‌only the specific triggered event would be reviewed by staff with the right permissions, and ​that all data ​is deleted ⁠within 30 days

The latest funding, which brings total capital raised so far to $124 million, comes as the United States ​faces a deepening care shortage. By 2030, 72 million Americans will be of retirement age, Sage said, citing S&P Global

Mehra said the company covers upfront installation costs and charges a monthly software subscription fee.