New Startup Butlr Raises $38M With Senior Living Expansion in Mind

Butlr, a tech startup, has recently secured $38 million in funding to expand its artificial intelligence-supported sensor and analytics platform for senior living. This latest round of Series B funding brings the company’s total investment pool to $68 million, with Foundry as the lead investor. Butlr, which originated from the MIT Media Lab, utilizes magnetic sensors and AI to detect falls and monitor movement patterns within senior living communities. The company’s technology can capture and share anonymous data points like temperature, body posture, indoor location, and room occupancy, offering operators real-time insights to improve resident care. With plans to expand its presence in senior living communities and partnerships with major companies like Walmart, Qualcomm, and Verizon, Butlr aims to revolutionize building management worldwide. CEO and co-founder Honghao Deng states that the focus of this strategic funding is to meet the increasing demand for their technology in the senior care sector. Butlr’s success in providing actionable insights for decision-making has earned it a loyal customer base, including clients like Shell Point in Florida. Co-founder and chief product officer Jiani Zeng emphasizes the company’s commitment to meeting the evolving needs of various industries, with a special focus on senior care.