Somatix

Company Overview

Snapshot

Founded in February 2015 by Eran Ofir, Somatix operates with 11–50 employees and has raised $13.7M across five funding rounds. The company partnered with Roche in July 2022 to bring its AI-powered remote monitoring solution to dementia patients.

Business overview

Somatix develops a wearable-enabled remote patient-monitoring (RPM) software platform for healthcare providers. The company's solution leverages patented gesture-detection technology and machine learning algorithms to analyze user gesture data in real time. This technology generates insights into potential adverse events by passively monitoring physical and emotional indicators such as activity levels, sleep quality, and fall risk. Somatix primarily serves elder care facilities, including independent living, assisted living, and nursing homes, as well as hospitals and substance abuse rehabilitation centers, operating within the Health Tech & Life Sciences sector.

Strategic signal

In July 2022, Somatix announced a partnership with Roche to deploy its AI-powered remote monitoring solution for dementia patients. This collaboration signals significant strategic validation for Somatix's technology, demonstrating its potential to address critical needs in chronic disease management and expand its market reach through established pharmaceutical partnerships.

Company Intelligence Q&A

What was a key strategic partnership for Somatix?

In July 2022, Somatix partnered with Roche to introduce its AI-powered remote monitoring solution to dementia patients, expanding the application of its technology in chronic care management.

When did Somatix launch its SafeBeing RPM solution?

Somatix launched 'SafeBeing,' a wearable-assisted Remote Patient Monitoring (RPM) solution designed for the elderly population, in November 2018.

Which organization began using Somatix's SafeBeing technology?

In October 2021, St. Francis Health Services of Morris began using Somatix's SafeBeing technology for patient monitoring.

When did Somatix announce integration with PointClickCare?

Somatix announced its integration with PointClickCare in April 2020, enhancing its platform's connectivity within the healthcare ecosystem.

When was Somatix selected as a leader in wearable technology?

Somatix was selected as a Minicorn and a leader in wearable technology in April 2022, recognizing its advancements in the field.