Smplicare is a health technology company centered on developing innovative solutions for monitoring and improving elderly healthcare. Founded in 2020, Smplicare operates from Edinburgh, United Kingdom, and was co-founded by Garrett Sprague. Since its inception, the company has raised $35 million in funding over two rounds, achieving a valuation of $103 million. Smplicare's primary innovation revolves around a questionnaire-based health monitoring tool designed to predict and reduce health risks among older adults.
| Attribute | Information |
|---|---|
| Founding Date | 2020 |
| Headquarters | Edinburgh, UK |
| Founders | Garrett Sprague |
| Revenue | Not disclosed |
| Profits | Not disclosed |
| Key Investors | UK Research and Innovation, STAC Invest |
| Industry | Health Technology |
| Number of Employees | Not disclosed |
Smplicare's origins trace back to its founding in 2020 in Edinburgh, UK, driven by a mission to revolutionize elderly healthcare through technology. Co-founder Garrett Sprague envisioned a platform that would empower elderly individuals to maintain independence while ensuring their health could be proactively managed. Initial funding efforts were directed towards developing an AI-driven tool capable of assessing health risks through non-invasive methods like questionnaires, which quickly attracted attention for its potential in fall risk prediction.
Smplicare's business model is centered around leveraging AI to develop non-intrusive, reliable health monitoring tools for the elderly. One of its significant achievements includes developing a predictive algorithm for falls, reducing hospitalizations related to falls among the elderly population. Key achievements include:
Currently, Smplicare focuses on iterative improvements and deployments of its health-monitoring algorithms, particularly in predicting fall risks. The company is in a competitive field of health technologies but distinguishes itself through its specific focus on elderly health and predictive analytics. With strategic funding and partnerships, Smplicare aims to enhance elderly care productively, optimizing costs in national healthcare systems.
Smplicare plays a pivotal role in the health technology ecosystem, particularly in elder care. Its focus on AI-powered solutions has the potential to revolutionize how elderly health risks, specifically falls, are predicted and managed, setting new standards in proactive healthcare. With ongoing advancements and strong backing, Smplicare is poised to significantly impact the health sector, driving innovations that might define elderly care in the coming years.