Inspiren

Inspiren

Cognitive patient care assistant using AI

About Inspiren

Simplify's Rating
Why Inspiren is rated
C+
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

AI & Machine Learning

Healthcare

Company Size

11-50

Company Stage

Seed

Total Funding

$17M

Headquarters

New York City, New York

Founded

2016

Overview

Inspiren focuses on enhancing patient care through its cognitive patient care assistant, which is designed for healthcare facilities like hospitals and nursing homes. The system utilizes a hybrid sensing platform that integrates computer vision, environmental sensing, and IoT technology to monitor patients in real-time. This allows healthcare providers to gather important data about patients' behaviors and their surroundings, leading to better insights for care optimization. Inspiren stands out from competitors by offering a seamless integration of its technology into existing healthcare environments, ensuring minimal disruption. The company's goal is to improve patient safety, increase staff efficiency, and enhance infection control in healthcare settings.

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Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Inspiren raised $17.35M, indicating strong investor confidence and growth potential.
  • Successful AUGi implementation in multiple states shows scalability and adaptability.
  • Partnerships with healthcare facilities expand Inspiren's geographic reach and market presence.

What critics are saying

  • Growing competition in AI-powered patient care solutions may threaten Inspiren's market share.
  • Rapid technological advancements could render Inspiren's solutions obsolete without continuous innovation.
  • Data privacy concerns and regulatory scrutiny pose potential challenges for Inspiren.

What makes Inspiren unique

  • Inspiren combines AI, IoT, and computer vision for real-time patient monitoring.
  • The AUGi platform is the world's first cognitive patient care assistant.
  • Inspiren's hybrid sensing platform offers seamless integration into existing healthcare environments.

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Funding

Total Funding

$17M

Above

Industry Average

Funded Over

2 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Remote Work Options

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

↑ 5%

1 year growth

↑ 12%

2 year growth

↑ 2%
PR Newswire
Sep 5th, 2023
What If Artificial Intelligence Could Prevent A Potential Fall? This Connecticut Memory Care Community Says It Can.

The AI-powered technology that prevented 400+ falls in a 6-month pilot and earned Maplewood a spot on the McKnight's 2023 Excellence in Technology Awards finalist list will soon become a mainstay at Maplewood at Stony Hill.BETHEL, Conn., Sept. 5, 2023 /PRNewswire/ -- Maplewood at Stony Hill , a dedicated memory care community in Bethel, CT, announced the rollout of an AI-powered fall prevention system following a highly successful pilot run at a sister property earlier this year. The technology, co-developed by Maplewood and Inspiren, Inc. , is being installed in all 84 residential apartments at Maplewood's Stony Hill community. Called AUGi (for Augmented Intelligence), it's the world's first cognitive resident care assistant, and will promote independence, help prevent injury, and instill peace of mind in residents living with early, mid-stage, and late-stage Alzheimer's disease and dementia and their families.Augmented Intelligence (AUGi) unit from Inspiren and Maplewood Senior Living. (Image courtesy of Maplewood Senior Living)AUGi demonstrated notable success during a 6-month, 33-unit pilot study at Inspīr Carnegie Hill , a luxury senior living community operated by Maplewood Senior Living on Manhattan's Upper East Side

Google News
Aug 8th, 2023
The AlleyWatch Startup Daily Funding Report: 8/8/2023

Founded by Michael Wang, Paul Coyne, and Vincent Cocito in 2016, Inspiren has now raised a total of $17.35M in reported equity funding.

AlleyWatch
Aug 8th, 2023
The AlleyWatch Startup Daily Funding Report: 8/8/2023

The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 8/8/2023 featuring funding details for Gombac.AI, Prefix Maintenance, and much more. This page will be updated throughout the day to reflect any new fundings.

Inspire N
May 3rd, 2023
Case Study: Palm Garden Health An AI Patient Assistant with a Human Touch

In June 2021, Inspiren launched the AUGi platform at the facility complete with AUGI Basestations, Smart Lanyards, Mobile App, and Tableau analytics.

PRWeb
Aug 29th, 2022
Inspiren Partners With Generations Healthcare To Improve Quality Of...

By using AI, caregivers can automatically know when a patient is in potential danger or receive intelligent insights to help us better attend to and check on the patient along the way. Inspiren, a nurse-led technology company, announced its partnership with Generations Healthcare, an innovative group that operates 28 skilled nursing facilities across California and Nevada. This partnership marks the startup’s first time introducing its proprietary technology, AUGi, on the West Coast. AUGi has now been implemented in senior care and acute care settings in Texas, Florida, New York and New Jersey, demonstrating the scalability of the technology

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