The Series C round was led by Goldman Sachs Alternatives, with participation from existing investors IVP and Goldcrest.
CEO Raj Mehra said current tools in senior care “are not built for how care actually works” leaving staff to manage their entire shift with little more than pagers, paper logs, and a walkie-talkie
Sage installs room sensors and AI software that scan for distress every few seconds and alert the right caregivers in real time, cutting response times to around three minutes, compared to up to 45 minutes without the technology
The company plans to build predictive AI that monitors daily patterns like sleep changes, bathroom frequency, and nighttime movement to flag residents at high risk of falling or health decline before anything untoward happens
On privacy, Mehra said only the specific triggered event would be reviewed by staff with the right permissions, and that all data is deleted within 30 days
The latest funding, which brings total capital raised so far to $124 million, comes as the United States faces a deepening care shortage. By 2030, 72 million Americans will be of retirement age, Sage said, citing S&P Global
Mehra said the company covers upfront installation costs and charges a monthly software subscription fee.