CAARESYS

Company Overview

Snapshot

Founded in May 2017 by Ilya Sloushch, Vadim Kotlar, Konstantin Berezin, and Alex Arshavski, CAARESYS operated with 1–10 employees. The company raised $728,000 across four funding rounds from two investors. A significant milestone for the company was its acquisition by Harman International Industries in September 2022.

Business overview

CAARESYS develops non-contact passenger-monitoring systems for vehicle cabins using radio-frequency technology. Its core technology utilizes vital signs to detect the location, health condition, and state of each occupant, providing intelligent insights into passengers and their unique human signatures. The company offers products like BabyCaare for child/human/pet presence detection, fulfilling NCAP 2022 regulations, and VitalCaare for monitoring respiration rate, heart rate, and heart rate variability to understand passenger states such as stress and fatigue. Additionally, CabinCaare is a vehicle occupancy system that detects seat occupancy and counts passengers. CAARESYS serves the Automotive & Mobility Technologies sector, focusing on enhancing safety and efficiency within vehicle environments.

Strategic signal

The acquisition of CAARESYS by Harman International Industries in September 2022 signals a strategic move by a major player in the automotive and audio technology space to integrate advanced in-cabin sensing capabilities. This event validates CAARESYS's radio-frequency technology for vital sign and occupancy monitoring, indicating a growing industry demand for sophisticated safety and comfort features in vehicles. For investors, it highlights the potential for innovative automotive tech startups to achieve successful exits through strategic acquisitions, driven by regulatory compliance (like NCAP 2022) and the broader trend towards smarter, safer connected cars.

Company Intelligence Q&A

What is CAARESYS's primary focus?

CAARESYS focuses on developing non-contact passenger-monitoring systems for vehicle cabins using radio-frequency technology to enhance safety and provide insights into occupant health and presence.

When was CAARESYS acquired?

CAARESYS was acquired by Harman International Industries in September 2022, after which it ceased to operate.

What is BabyCaare?

BabyCaare is a child/human/pet presence-detection solution developed by CAARESYS, designed to detect occupants in the cabin space and help prevent accidents, fulfilling NCAP 2022 regulations.

What is VitalCaare?

VitalCaare is a passenger vital-sign-monitoring solution from CAARESYS that monitors respiration rate, heart rate, and heart rate variability to understand passenger states like stress and fatigue, operating in both static and driving modes.

Which organization provided a grant to CAARESYS?

In July 2019, CAARESYS secured a grant of $50,000 from EU Horizon 2020, a European Union research and innovation program.