Sage Secures $65 Million in Series C Funding to Enhance AI-Driven Senior Care
Sage, a New York City-based company specializing in technology for senior living facilities, has announced the successful closure of a $65 million Series C funding round. The funding was led by Growth Equity at Goldman Sachs Alternatives, with additional participation from IVP and Goldcrest. Sage's platform integrates care, staffing, and insights to improve outcomes and support stronger clinical and operational decisions in senior care environments.
Company Leadership and Vision
Sage was co-founded by Raj Mehra, who serves as CEO, along with Matt Lynch, the CTO, and Ellen Johnston, the Chief Product Officer. Mehra emphasized the need for innovation in caregiving tools, stating, "Every caregiver I talk to says the same thing: current tools are not built for how care actually works, contributing to chaotic environments that fail both caregivers and residents."
AI-Powered Solutions for Senior Care
The company's platform utilizes AI-driven monitoring and analytics to detect potential risks for residents, such as falls or medical declines. This system analyzes patterns in resident behavior, including sleep patterns and movement, to enable early intervention by caregivers. By centralizing data from electronic health records and integrating with providers like ALIS and PointClickCare, Sage aims to streamline caregiver workflows and reduce operational burdens.
Use of Funds
The newly acquired funds will be directed towards expanding Sage's AI capabilities, particularly in skilled nursing facilities that manage complex medical needs. The company also plans to host its inaugural Caregiver Summit in New York City in fall 2026. This event aims to bring together caregivers, operators, and industry leaders for professional development and to shape the future of caregiving tools and policies.
Addressing Industry Challenges
The U.S. senior care sector faces significant challenges, including a shortage of approximately 1.8 million licensed caregivers and high turnover rates nearing 79%. Sage's technology aims to shift the care model from reactive to preventive, providing real-time alerts and insights to caregivers, thereby improving response times and care outcomes.
With the backing of Goldman Sachs and other investors, Sage is poised to enhance its platform and continue addressing the pressing needs of the senior care industry.