By Nancy Dahlberg
On the heels of its recent $9.5 million Series A funding round, South Florida health-tech startup CarePredict has been on a roll.
CarePredict’s first-to-market AI-driven technology predicts a wide range of developing health conditions – including the possible onset of depression, a urinary tract infection or an increased fall risk. It does this through continuous observation of daily activities via wearables powered by machine learning technology.
This week, CarePredict announced that Sanjay Khosla is joining its Board of Directors. Khosla, a seasoned executive with more than 38 years of experience leading large multinational companies such as Kraft Foods and Unilever, will be an independent director.
As a president of Kraft, Khosla grew the brand from $5 billion to $16 billion in six years, spearheaded several acquisitions and oversaw product launches in emerging markets. He is also a senior fellow at Northwestern’s Kellogg School of Management, a senior advisor at Boston Consulting Group and co-author of Fewer Bigger Bolder.
“He joins CarePredict at an exciting time as we continue to expand our presence and product offerings across various markets and to elders aging at home. His strategic insights and international business acumen will be extremely valuable as we drive innovation and revolutionize senior care,” said CarePredict CEO Satish Movva.
Exciting times, indeed. CarePredict’s product has already gained significant traction in senior living facilities in the U.S., Canada and Japan, and the company announced at this year’s CES that it will be launching a consumer-oriented aging-in-place solution, CarePredict @Home.
“CarePredict @Home will be available through home care agencies and through some direct to consumer channels and we are in talks with leading channels in the US for distribution.” said Movva, who founded the company in 2013 after first seeking a solution to help him care for his aging parents. He hopes to fully launch the solution later this year.
What’s ahead? More scaling, including to senior living communities in international markets including APEC and Europe.
CarePredict is also continuing to update its wearable, bracelet-style Tempo. “Tempos now have a lot more sensors — over eight — are lightweight, water-resistant and have a lot more features and functionality added into them so we can continue to provide more meaningful, actionable insights on the health and wellness of our loved ones,” Movva said.
CarePredict currently has more than 20 employees in two offices — its Plantation headquarters and Menlo Park, CA — and has sub-contractors in Poland, Japan and India.
Khosla is a recent transplant from Chicago to Miami and is getting engaged into the community. CarePredict is his first formal engagement with a Miami startup, said Sanket Parekh, a CarePredict investor and managing partner of Secocha Ventures, who is also on the board along with Movva, Dean Hatton of Las Olas Ventures and physician Dr. Marc Loev.
“Senior care, today, is a fascinating problem to solve with the increasing ranks of the aging and declining number of caregivers globally to care for them. There is a serious crisis when it comes to providing quality care to millions of seniors who want to age with dignity in the right care setting, whether at home or in senior group living,” said Khosla, in the announcement. “And I believe CarePredict is the simple and scalable solution we need.”
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