Amulyte
closedActivity tracking and emergency response system that allows seniors to maintain their freedom and independence.
| Date | Investors | Amount | Round |
|---|---|---|---|
$260k | Seed | ||
| Total Funding | 000k | ||
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Amulyte developed a remote monitoring and activity tracking system tailored for the senior population, aiming to enhance their safety and ability to live independently. The company was founded by Jaclyn Konzelmann and Perry Haldenby, both alumni of the University of Waterloo who were inspired by personal experiences with their grandparents' limited monitoring systems. This led them to create a more effective solution. The firm participated in the Summer 2013 batch of the Y Combinator accelerator program.
The core of Amulyte's business was a wearable device for seniors that featured an emergency help button and activity tracking. Unlike traditional systems that rely on a base station, Amulyte's product was designed to provide coverage anywhere, transmitting location data to ensure help could be dispatched to the user's exact location in an emergency. This service targeted the growing market of seniors in North America who wish to age in their own homes. Family members and caregivers could use the Amulyte Portal, a web application, to stay informed about the senior's activity and well-being, providing them with peace of mind.
The company operated in the health-tech sector, specifically focusing on the emerging field now often referred to as the Internet of Medical Things (IoMT). While the company raised $255,000 in funding, Y Combinator lists its status as inactive. The personal emergency response systems market has seen consolidation, with companies like Nortek Security & Control, which had a health and wellness division including the Numera brand, being acquired by Nice, a global smart home and security solutions manufacturer, for $285 million.
Keywords: senior safety, medical alert system, remote monitoring, activity tracking, personal emergency response, aging in place, health-tech, elder care technology, wearable safety device, independent living, caregiver support, Y Combinator alumni, fall detection, mobile PERS, senior wellness, GPS tracking, gerontechnology, digital health, connected care, Waterloo alumni