Teton.ai Raises $20M for AI-Driven Senior Care Solutions

COPENHAGEN, Denmark & SAN FRANCISCO—Teton.ai, the predictive intelligence company for modern health care, announced a $20 million Series A fundraise led by Plural, which also led Teton’s seed round, with participation from Bertelsmann Investments, Antler Elevate and Nebular with a follow-on investment from PSV Tech. 

Using proprietary artificial intelligence and computer vision technology, Teton said it aims to improve quality of care for patients and residents, job satisfaction for caregivers and business performance for owners and operators, and it also aims to lower the cost of and increases access to premium care.

Since seed, Teton has partnered with Nvidia to develop a point-of-care dataset in senior care. 

“The economics of senior care and health care are broken: costs rise, staff burn out and outcomes suffer,” said Mikkel Wad Thorsen, CEO of Teton.ai. “Shifting care from reactive to predictive changes the equation. Emergencies decline, staffing is planned with precision and every intervention creates value. At its core, this is a deflationary technology, making top-tier care more abundantly accessible to more people—extending the length and quality of life for residents while lowering the cost to deliver it. After years embedded inside care environments, we’ve built technology that impacts daily operations, delivering measurable ROI (return on investment) to operators from day one and structural advantages that only grow over time.”

“Teton is at the cutting edge of a much-needed transformation in health care,” said Taavet Hinrikus, partner, Plural. “Within a short time, its technology is already reducing costs and resource needs while achieving the most important thing—improved health outcomes. It’s a complete gamechanger for owners, operators, caregivers, families and residents. The strength of Teton’s team and technology means it’s set to become the market leader as it solves a huge global problem.”

According to Teton.ai, the inpatient, long-term care, skilled nursing facility and in-home care sector in the United States, Europe and Asia represents a total addressable market of $220 billion. With this fundraise, Teton will build on demand for its offering by launching nationwide in the U.S., expanding its operations across Europe and enhancing its world-class engineering team to push the boundaries of predictive AI in care.