TSOLife, a Tampa, FL-based AI-based business intelligence platform that translates resident intake data into actionable insights, announced that it raised $9 million in Series A funding.
The round was led by Arnie Whitman, a long-time venture investor in senior care and technology, Executive Chairman at Formation Capital, and Founding Partner at Generator Ventures. Omega Healthcare Investors, Inc. and Ziegler Link-age Fund III also joined the round.
This funding will help TSOLife to accelerate the development of its next-generation Minerva platform.
"The pandemic fueled the understanding that engagement and resident experience is vital to the physical and mental health of residents and the success of a community," said David Sawyer, founder and CEO of TSOLife. "This funding round will accelerate our ability to enhance the lives of seniors by leveraging data to provide robust resident insight technology unique to TSOLife. We have a passion for bringing state-of-the-art-tech to the market, while never forgetting that our goal is to improve the lives of residents and staff."
TSOLife Minerva is the first-of-its-kind business intelligence platform that uses Artificial Intelligence (AI) to transcribe resident interviews and automatically convert the information into organized, consumable data. This person-centered data fuels powerful dashboards, providing staff with personal, actionable insights and saving valuable staff time.
Company: TSOLife, Inc
Raised: $9.0M
Round: Series A
Funding Month: October 2022
Lead Investors: Arnie Whitman
Additional Investors: Omega Healthcare Investors, Inc. and Ziegler Link-age Fund III
Company Website: https://tsolife.com/
Software Category: AI-based Business Intelligence platform
About the Company: TSOLife is a Florida-based company that focuses on providing the most in-depth information on who your residents are. TSOLife partners with senior living communities across the nation to provide a first-of-its-kind business intelligence platform using Artificial Intelligence (AI) called Minerva. Minerva revolutionizes your data intake processes and creates beautiful, custom dashboards with all the information displayed to make key business decisions that enhance and individualize resident experiences. TSOLife provides actionable insights and fuels decision-making in senior living communities and specializes in helping communities operationalize better data capture and offers tools to help take that captured data and create actionable steps to personalize and enhance the residents' lives.
Source: https://www.globenewswire.com/news-release/2022/10/18/2536488/0/en/TSOLife-Closes-Series-A-Funding-to-Provide-Senior-Living-Operators-More-Advanced-Decision-Making-Tools.html