AI-powered senior living technology company Inspiren has raised $70 million in a Series C funding round at a valuation of more than $500 million, as it looks to expand the use of artificial intelligence to help care teams monitor residents and identify potential emergencies.
The financing was led by NewView Capital, with participation from existing investors including Insight Partners, Primary Venture Partners, Scale Venture Partners, Vintage Investment Partners, Lightbank, Avenir Growth Capital, Story Ventures, and Camber Creek, Inspiren said.
The latest investment brings Inspiren’s total funding to $225 million, giving the company its largest financing round and highest valuation to date.
Inspiren uses what it describes as “physical AI” to interpret activity in a resident’s environment in real time.
Its technology combines ambient monitoring with data collected over time on residents and communities, allowing caregivers to receive alerts and other information that may help them respond to emergencies or changes in a resident’s condition.
The company is targeting a senior living market facing growing demand as the population aged 85 and older expands across North America.
At the same time, residents entering senior living facilities are becoming more clinically complex, increasing pressure on care teams.
Inspiren said much of the activity involving residents occurs inside private rooms without staff present. Its technology is designed to provide care workers with visibility into events that might otherwise go unnoticed.
“We are already making that unthinkable in the communities we serve, and this funding puts it within reach for many more,” said Michael Wang, Inspiren’s founder and chief clinical officer.
The company cited customer data showing reductions in falls, injuries and hospitalizations at several senior living operators using its platform.
At Aegis Living, residents who opted into Inspiren’s technology had stays that were 34% longer, while the operator reported a 22% reduction in falls and a 24% decline in injuries.
Clearwater Living reported a 63% decline in falls resulting in injury during the first three months of deployment, alongside a 73% reduction in post-fall emergency room visits.
A 10-month study at Solera Senior Living’s Lumina Las Vegas community showed a 48% reduction in falls, a 54% decrease in hospitalizations and a 50% improvement in staff response times, according to Inspiren.
The results highlight the potential commercial appeal of AI in senior care, where operators must balance rising clinical demands with limited staffing.
Technologies that can reduce preventable incidents while allowing workers to focus on residents could offer benefits beyond automation.
“Inspiren’s impact is apparent across the board,” said Nick Bunick, a partner at NewView Capital.
He said the technology could improve both clinical outcomes and the economics of senior living communities.
Inspiren has also expanded its emergency response capabilities. Last month, it introduced two-way voice communication and alert claiming across its eCall system, allowing care teams to receive more information about a resident’s situation when an assistance request is made and identify which staff member is responding.
The features are being introduced in stages across communities using Inspiren’s technology.
Inspiren said its platform is now deployed across communities representing more than 80% of the largest senior housing investors, including AEW and Sabra Healthcare REIT.
Its operator customers include Arrow Senior Living, Ascent Living Communities, Heritage Communities, Thrive Senior Living and Wellpointe.
The company plans to use the new capital to expand its go-to-market operations, develop its hardware ecosystem and enhance its AI platform.
The goal is to increase the range of events and behavioral changes its models can identify, predict and help care teams respond to across senior living communities.
Founded in 2016 by Wang, a former Green Beret and cardiothoracic nurse, Inspiren is led by Chief Executive Officer Alex Hejnosz.
The company says its technology is designed with privacy considerations and focuses on real-time behavioral and emergency alerts, fall detection and care utilization insights.
The financing comes as investors continue to back AI applications that combine software with physical-world data, particularly in sectors where automation can augment rather than replace human workers.
For senior living operators, Inspiren’s proposition is centered on giving caregivers more information and earlier warnings while keeping staff involved in decisions and direct care.