AI-powered patient monitoring app Lilli raises £8.2m
AI-powered patient monitoring app Lilli raises £8.2m Oscar Hornstein
Lilli, a software-as-a-service company providing management tools for those living in care, has raised £8.2m.
Based in Woking, Lilli uses AI and machine learning to observe the patterns and trends of users with medical needs to give insights to care workers.
The company aims to give a greater sense of independence to those living in care homes while maintaining their safety. The software identifies behavioural changes to identify specific care needs.
Lilli said that by encouraging safer independent living for those with medical needs, a burden can be lifted from the care home system.
“Our focus has remained unwavering in allowing people to live safely, happily and independently at home for longer – keeping them connected to their communities and circles of support, whilst reducing the burden on an overwhelmed and under-resourced health and care sector,” said CEO Gren Paull.
“The sector is in a well-documented state of crisis, and we have empirically proved how we can alleviate pressures of diminishing budgets, resources and even bankruptcy that local governments are facing.”
The Series A funding round was led by previous investor West Hill Capital and will go towards scaling Lilli’s reach across both the public and private healthcare sector.
Lilli also plans to launch a secondary app for friends and family so that patients’ next of kin can monitor their health alongside care workers.
“Lilli’s data-driven digital healthcare platform has the potential to revolutionise the way in which social care is delivered, utilising innovative technology to provide substantial productivity gains and cost savings for local authorities and healthcare providers,” said Mark Hickson, managing partner at West Hill.
“The capital raised in the offer provides resources to enable Lilli to meet growing demand and to rapidly scale this technology with a view to improving the quality of life for people across the UK and then worldwide.”
The company previously raised £4.5m in a funding round back in 2021.
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