FARMINGTON, Conn., Could 25, 2023 /PRNewswire/ — Horizon Technologies Finance Corporation (NASDAQ: HRZN) (“Horizon”), a top specialty finance organization that gives capital in the type of secured loans to venture capital backed firms in the technologies, life science, healthcare details and solutions, and sustainability industries, announced currently it has supplied a $30 million venture loan facility to SafelyYou, Inc. (“SafelyYou”), of which $ten million has been initially funded.
SafelyYou has created an revolutionary remote care platform that combines true-time AI video technologies with a 24/7 remote clinical group. Senior living communities that use SafelyYou’s technologies have significantly decreased resident fall prices and substantially lowered emergency space visits, resulting in enhanced care for residents and decreased fees for senior living operators. SafelyYou is backed by major-tier investors such as Eclipse Ventures, Foundation Capital, DCVC, Founders Fund, and Omega Healthcare Investors, Inc. SafelyYou will use the loan proceeds to additional its mission of elevating the high quality of dementia care and creating its revolutionary care offered to much more people today.
“SafelyYou’s sophisticated technologies gives senior living communities, residents and their households with an invaluable service that contributes substantially to enhancing care for these living with Alzheimer’s and dementia,” stated Gerald A. Michaud, President of Horizon. “In addition to rapidly detecting falls, SafelyYou enables caregivers to proactively avoid future falls by reviewing clear video of a fall occasion through a safe internet portal. We think the rewards of this transformative technologies will lead to its adoption in assisted living and skilled nursing facilities across the United States. Horizon is pleased to help SafelyYou’s strategy to develop by creating its technologies much more extensively offered.”
“We’re thrilled to get Horizon’s help as we additional our mission to reshape dementia care, supporting these living with Alzheimer’s, their households, and the communities that aid care for them,” stated George Netscher, founder and CEO of SafelyYou. “SafelyYou’s mixture of globe-top AI technologies and professional clinical help imply on-internet site employees not only see and realize how falls occur, they also get insights into how to retain them from taking place once more. As a outcome, communities are capable to offer a level of particular person-centered care by no means ahead of attainable. The help from Horizon suggests that greater-high quality care will attain a greater quantity of residents.”
About Horizon Technologies Finance
Horizon Technologies Finance Corporation (NASDAQ: HRZN) is a top specialty finance organization that gives capital in the type of secured loans to venture capital backed firms in the technologies, life science, healthcare details and solutions, and sustainability industries. The investment objective of Horizon is to maximize its investment portfolio’s return by producing present earnings from the debt investments it tends to make and capital appreciation from the warrants it receives when creating such debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional workplace in Pleasanton, California, and investment pros situated in Austin, Texas, Chicago, Illinois, Reston, Virginia and Portland, Maine. To study much more, please check out www.horizontechfinance.com.
About SafelyYou
Originating in 2015 as the doctoral study of CEO George Netscher—and inspired by his personal family’s knowledge with Alzheimer’s disease—SafelyYou was spun out of UC Berkeley’s Artificial Intelligence Investigation Lab, a single of the major 5 AI study groups in the globe. The company’s passionate mission is to empower safer, much more particular person-centered dementia care by way of globe-top, true-time AI video technologies and 24/7 remote clinical authorities. SafelyYou is employed by skilled nursing facilities and assisted living communities all across North America—from the biggest national organizations to regional and nearby ones, as well. SafelyYou is a single of 5 most revolutionary fall technologies referenced in the Senate Falls Report (2019).
SafelyYou offers a voice to these living with Alzheimer’s and other types of dementia. Its AI-enabled cameras see critical care moments in true-time through sophisticated artificial intelligence. SafelyYou’s remote clinical authorities allow a level of predictive, particular person-centered dementia care that solves a vital dilemma across senior care by decreasing falls and fall-connected ER. For much more on SafelyYou, check out www.safely-you.com.
Forward-Hunting Statements
Statements incorporated herein could constitute “forward-searching statements” inside the which means of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical information incorporated in this press release could constitute forward-searching statements and are not guarantees of future functionality, situation or outcomes and involve a quantity of dangers and uncertainties. Actual outcomes could differ materially from these in the forward-searching statements as a outcome of a quantity of things, such as these described from time to time in the Company’s filings with the Securities and Exchange Commission. Horizon undertakes no duty to update any forward-searching statement created herein. All forward-searching statements speak only as of the date of this press release.
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