Somatix

Somatix, established in 2015, operates within the digital health sector, providing an AI-powered remote patient monitoring (RPM) platform. The company was co-founded by Eran Ofir, Uri Schatzberg, and Jeff Morgan. Ofir, who served as CEO until 2021, brought extensive leadership experience from a 20-year career in Fortune 500 companies and a desire to create technology that helps people. His background includes a BSc in Electrical Engineering and an MBA, with a history of building and managing businesses across telecommunications, utilities, and retail. The company's inception was sparked when Ofir met Schatzberg, the CTO, who demonstrated the foundational gesture-detection technology.

The core of Somatix's offering is its Body Motion Data (BMD) Management platform, branded as SafeBeing™. This platform leverages patented algorithms to analyze data from sensors in commercial off-the-shelf wearables like smartwatches and smart bands. By tracking body and hand gestures, the system passively collects data and uses machine learning to identify physiological and behavioral patterns. This provides caregivers and healthcare professionals with real-time clinical insights into a patient's activities of daily living, medication adherence, hydration levels, sleep patterns, and risk of falls or wandering. The platform is designed to be non-invasive, operating continuously to detect changes in a patient's condition that could indicate a decline in health.

Somatix targets healthcare providers, including hospitals, skilled nursing facilities, long-term care communities, and chronic care management companies. The business model is centered on helping these clients reduce patient readmissions, enhance safety, improve clinical outcomes, and create new revenue streams through established CPT codes for remote monitoring. The SafeBeing™ platform includes a cloud-based dashboard for clinicians, a caregiver app for family members to receive alerts, and a patient app for self-management. Over its history, Somatix has secured approximately $18.6 million in funding through multiple rounds, with investors including Digitalis Ventures and Dreamit. The company has also engaged in significant partnerships, such as a collaboration with Roche to refine its medication compliance and hydration monitoring capabilities for dementia patients.

Keywords: remote patient monitoring, digital health, gesture detection, AI in healthcare, wearable technology, predictive analytics, elderly care technology, patient adherence, medication compliance, fall detection, chronic care management, clinical insights, telehealth, body motion data, SafeBeing, Eran Ofir, Uri Schatzberg, continuous monitoring, healthcare analytics, patient safety