Sense.ly Raises $1.25M Seed Round, Accelerates Customer & Revenue Growth

SAN FRANCISCO, Sept. 22, 2014 /PRNewswire/ -- Sense.ly, the breakthrough "virtual nurse" solution that provides proven, personalized patient monitoring and follow up care, today announced that it raised a seed funding round of $1.25 million. The company also announced that it counts a growing number of hospitals, major health insurance companies and telemedicine providers as customers. Sense.ly was incubated within Orange SA, the leading France-based telecom and technology company, and launched independently in 2013.

Sense.ly's award winning, SaaS-based patient engagement platform combines advanced sensor capabilities and a unique avatar-based technology that dramatically scales clinicians' ability to provide the level of trust, confidence and comfort that their patients want and deserve, even between office visits and away from the hospital.

The easy to implement and use Sense.ly solution empowers clinical practices to monitor and engage patients more effectively and optimize workflow, leading to improved health outcomes, increased patient satisfaction and a lower total cost of care. In a recent pilot program, the Sense.ly solution reduced patient calls by 28% and clinicians participating in the pilot increased their productivity by saving nearly a fifth of their time every day.

"Sense.ly's technology has applications across a broad spectrum of medical conditions, and represents an exciting new tool in our efforts to address the growing burden of chronic diseases."  – Dr. Van Selby, University of California – San Francisco.

"This new funding round, together with the company's strong customer acquisition momentum and revenue growth, really underscores Sense.ly's growing impact and influence in healthcare," said Adam Odessky, Co-Founder and CEO of Sense.ly. "We are particularly proud of the fact that Sense.ly's innovative patient engagement and health monitoring solutions have been proven in real-world pilots with leading healthcare providers and payers. With our new funding and accelerating revenue growth, we will continue to build out Sense.ly's products, further expand the team, and broaden the company's customer base."  

"In the face of healthcare reform, declining reimbursements and the urgent imperatives of managing population health in the new value-based environment, physicians are challenged like never before to provide high quality care for more and more patients," said Ivana Schnur, MD/PhD, Co-Founder and Chief Medical Officer of Sense.ly. "By leveraging Sense.ly's natural user interface patient engagement platform, our customers are meeting these challenges while also maintaining the warm human touch that is so essential to quality, effective healthcare." 

Expanding the Sense.ly Customer Base and Team/Sense.ly Solution Garners Awards

During the past year Sense.ly has grown rapidly, adding major new customers, expanding its team and winning prestigious awards for its patent-pending patient engagement and monitoring solutions. Some of the new customers that Sense.ly has signed up in recent months include SeniorServ, Janus of Santa Cruz, San Mateo Medical Center, and a growing number of major hospitals, national health organizations, health insurance companies, and telemedicine providers.

Sense.ly has also expanded its team and advisors during the past 12 months. The company has strengthened its core team of product and engineering experts to meet the needs of its growing customer base. In addition, Sense.ly has continued to build its prestigious Advisory Board, including the recent additions of Dr. Ken Bell and Dr. Albert "Skip" Rizzo.  Dr. Ken Bell is the former Chief Medical Director of Kaiser Orange County, former Chief Medical Officer of the Coalition of Orange County Health Centers, and former Chief Medical Officer of CalOptima. Dr. Albert "Skip" Rizzo is the Director for Medical Virtual Reality at USC's Institute for Creative Technologies. Dr. Rizzo is one of the world's leading virtual reality scientists.

Building upon Sense.ly's 2013 victory in the Novartis Mobile Health Challenge for best health-tech app out of over 100 developed at the event's "Hackathon," the company has been announced as a finalist in the Allscripts Open App Challenge and IBM Watson Developer Challenge. Sense.ly is currently a member of the LaunchPad Digital Health accelerator program and earlier was a graduate of the Alchemist Accelerator.

Fred Toney, CEO of Launchpad Digital Health, stated: "We are delighted to be invested in Sense.ly and its top notch team. We chose to invest in Sense.ly and include them in our one year accelerator program because of the unique game-changing product, the great traction they already have shown in healthcare and additional verticals, and the strength and depth of the management and advisory team."

About Sense.ly

Launched in early 2013, Sense.ly offers a breakthrough "virtual nurse" patient engagement solution that provides proven, personalized monitoring and follow-up care, with a strong focus on patients with chronic diseases. The Sense.ly solution combines innovative avatar-based technology and advanced sensor capabilities that generate actionable, real-time data and intelligent analytics, enabling clinicians to make better, timelier care decisions.  Sense.ly already has several long-term revenue-generating partnerships with leading healthcare organizations, including a full pipeline of new business prospects. For more information, visit www.Sense.ly.

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SOURCE Sense.ly