Remote monitoring company CarePredict raising fresh capital

CarePredict Tempo

Remote monitoring and Startup Health portfolio company CarePredict is in the midst of raising fresh capital; so far it has managed to secure at least $1 million according to filing with the SEC.

CarePredict makes a wearable device for seniors, and will use the new money to support large scale studies in senior living and home care settings.

The company’s flagship product CarePredict Tempo comes as a bracelet or men’s watch band, and works with a group of beacons. It is expected to go to market next year at a price of $169 along with monitoring fee of some $30 per month.

Families buying the device will be able to track their senior loved ones and be notified (via text message) of any changes in their routine that could signal a decline in their health, such as walking slower, spending more time sitting or in bed. The device also keeps a log of daily activity.

[Via: MedCityNews]