Somatix (New York) — a four-year-old company with a monitoring system that spots problems in seniors via their gestures — has raised $4.5 million.
The SEC Form D, files yesterday, listed nine investors in the offering.
The company’s SafeBeing remote monitoring system passively tracks walking, sleeping, drinking, medication intake and more. The monitoring enables the system to spot dangers, including falling and wandering, and alert caregivers accordingly.
Somatix’s system collects gesture data via existing sensors embedded in commercial, off-the-shelf smartwatches and IoT devices, as well as Somatix’s own branded smart band.
Original Article: (https://www.massdevice.com/senior-monitoring-company-somatix-raises-4-5m/)