EchoCare Technologies Overview
EchoCare offers a remote wellness monitoring system for seniors who live independently at home or in assisted living facilities. The non-wearable, noninvasive system tracks the activities of daily living to indicate any significant deviations that might increase the risk for situations such as falls, respiratory distress, or other abnormal situations that need early intervention. The proprietary radar-based system has enhanced artificial intelligence/machine-learning engines and is connected to the cloud to enable remote access to the dashboard, mobile application, and connectivity to third-party systems, as well as automatic remote updates to designated family, caregivers, and/or medical professionals. EchoCare partners with remote patient and senior care service providers to offer superior monitoring capabilities, promoting the benefits of home care without privacy invasion.
Cumulative Funding Raised Over Time ($)
Latest News
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הסטארט-אפ הישראלי שמאפשר השגחה חכמה על קשישים בביתם ובבתי אבות
The Israeli startup Echo Care Technologies has received an investment of over 2 million shekels from the Tigbur Group. Echo Care Technologies has developed a unique non-wearable system for monitoring the elderly in their homes and in nursing homes. The device installed in the elderly persons home detects falls and alerts an emergency center or a family member in case of a fall, distress, or health deterioration. The system allows tracking the daily routine of the elderly, learning about them, and thus being aware of various scenarios that could endanger their health and/or their lives. Tigbur Group holds about 5% of EchoCare, which has appointed Alpha Lifecare as the exclusive distributor of its solution in Australia and New Zealand.
Investment
growth-positive
A high-tech monitor for the elderly that they don't have to wear
EchoCare Technologies, a company that has developed a cloud-connected monitor called ECHO (Elderly Care Home Observer), is experiencing growth in the market for monitoring technology for the elderly. The device uses radar technology and machine learning to detect falls, respiration distress, and other dangerous events, providing continuous monitoring and analysis of the persons location, posture, motion, and respiration. EchoCare has conducted trials in Japan, Australia, the United States, and Israel, and has received certification in Japan. The company is also installing the device in Covid-19 wards and internal medicine departments in Israel. EchoCare plans to expand globally and is currently seeking investment through a Series-A1 round.
CustomersPartners
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Covid-19 accelerates production of Israel-based EchoCare's non-wearable radars for the elderly
EchoCare Technologies, a remote senior care monitoring startup, has announced plans for an A1 funding round to increase manufacturing of its radar-based, non-invasive solution for elderly people. The company has seen a rise in demand following the Covid-19 pandemic and successful trials in Israel, Japan, and Australia. The ECHO system developed by EchoCare automatically detects and alerts users on emergency or abnormal behaviors at home. The company aims to meet the growing need for remote monitoring of the elderly without the use of wearables or invasive cameras. EchoCare has partnered with SMK Corporation in Japan and Lifeview in Australia for trials. The companys device is also being installed in Covid-19 departments in Israeli hospitals to monitor respiratory distress among older patients. EchoCare was founded in 2015 and is based in Ness Ziona, Israel.
InvestmentExpand
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An Interview with Rafi Zack, EchoCare Technologies Ltd Co-founder and CEO: 'Our Vision is to Provide a Device which is the Best Alternative for a Human Caregiver'
EchoCare Technologies is a company that develops a non-wearable, elderly-care, home monitoring system. The system automatically detects and alerts safety and emergency situations, as well as potential health deterioration. The company was founded in 2015 and is based in Ness-Ziona, Israel. The CEO, Rafi Zack, believes in the potential benefits of AI-based systems and the importance of investing in AI for the future. The company aims to provide the best eldercare home monitoring system that can detect and alert on acute situations and provide vital data and analysis to prevent senior health deterioration. EchoCare Technologies has received recognition and awards for its technology in the elderly care industry.
Customers
growth-positive
EchoCare Announces Completion Of Round A Financing For State Of The Art Elderly Home Monitoring Technology
EchoCare Technologies has completed a first round of investment and announced the appointment of Orit Benvenisti to its Board of Directors. The company has developed the Elderly Care Home Observer (ECHO) system, a non-wearable sensing system for the care of the elderly. ECHO uses radar technology to detect emergency situations and promote independent living. The investment will enable EchoCare to manufacture and commercialize the product in the global market. The company has conducted testing and demonstrations in the USA, Japan, and Israel. As the global elderly population grows, systems like ECHO will be in high demand. The article does not mention any specific customers or the valuation or investment amount. The event described in the article does not have a specific date.
InvestmentManagement Changes
| Sector | Health Tech & Life Sciences |
Funding
| Total funding | $3.8M |
| Last funding | $1.5M |
| Stage | Seed |
| Rounds | 3 |
| Investors | 5 |
Team Members
3
Employees: 1-10
Web & Social Links
| Website | echocare.ai |
| Careers | Careers page |
Locations
Golda Meir St 5, Ness Ziona, Israel
Photos & Videos
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