CareSync AI Closes $47M Series B to Expand Predictive Fall Detection Platform

Boston-based CareSync AI announced today the close of a $47 million Series B funding round, led by General Catalyst's Health Assurance fund with participation from AARP's AgeTech Collaborative and existing investor Andreessen Horowitz. The round brings the company's total funding to $72 million and signals continued investor confidence in ambient intelligence solutions for older adults.

Founded in 2022, CareSync AI has developed a passive monitoring platform that uses millimeter-wave radar sensors and proprietary machine learning models to predict fall risk up to 72 hours before an event occurs. The system requires no wearables, cameras, or active input from residents, addressing a longstanding adoption barrier in senior living settings where privacy concerns and device compliance have historically limited technology uptake.

The company currently operates in 340 senior living communities across 18 states, covering approximately 28,000 residents. According to CareSync AI's internal data, facilities using the platform have reported a 41 percent reduction in injurious falls and a 23 percent decrease in emergency department transfers over a 12-month period. Those metrics have attracted attention from health systems and large operators looking to reduce liability costs and improve care outcomes simultaneously.

CEO and co-founder Dr. Priya Nambiar said the Series B proceeds will fund three primary initiatives: geographic expansion into underserved rural markets, integration with major electronic health record systems including Epic and PointClickCare, and the buildout of a new chronic condition monitoring module targeting early detection of urinary tract infections and cardiac irregularities in memory care populations.

The funding comes as the predictive health monitoring segment within agetech accelerates. Industry analysts at Aging2.0 Research Group projected earlier this year that the global ambient assisted living market will surpass $18 billion by 2029, driven largely by workforce shortages in long-term care and growing pressure on operators to demonstrate measurable quality outcomes.

General Catalyst partner Marcus Webb, who will join CareSync's board, noted that the investment thesis centers on the platform's dual value proposition. "CareSync reduces cost and improves outcomes simultaneously, which is rare. That alignment between payer interests, operator interests, and resident wellbeing is exactly the kind of durable model we look for," he said.

CareSync AI expects to announce its first regional health system partnership later this quarter and is targeting deployment in 800 communities by the end of 2027.