Inspiren Raises $100m In Series B Funding To Grow Ai Platform 

Senior living technology company Inspiren has raised $100 million to advance the company’s artificial intelligence (AI) capabilities.

The financing, announced Sept. 25, was led by software investor Insight Partners with participation from Avenir, Primary Venture Partners, Scale Venture Partners, Story Ventures, Third Prime and Studio VC. This pushes Inspiren’s lifetime total funding to $155 million, and follows a $35 million Series A financing round in March of this year.

“The latest initiative is fueled by both strong market demand and direct customer enthusiasm. Senior living is evolving rapidly, with operators racing to meet rising resident expectations—and communities are asking for more from us, faster,” Founder and Chief Clinical Officer Michael Wang told SHN on Thursday.

The latest funding will help Inspiren keep up with senior living providers’ “pace of change” in improving operations with expanded AI capabilities and help “raise the bar” for clinical outcomes and staff efficiency, Wang said.

“One way we do that is by implementing quickly – and with over 80% of customers expanding – we’re able to deliver fast, measurable results. We enable higher occupancy, improved operations, and more efficiency for our customer,” Wang said.

Benefiting from the funding round will be the company’s Inspiren Intelligence platform, a data tool designed for senior living providers covering resident safety, care planning and workforce management. Real-time data insights allows providers to make quick and informed decisions that positively impact resident care.

The platform also includes access to the company’s “clinical success” team, a group of staff that help senior living employees identify “the most important issues and provide best practices for care.”

“This funding will be used to expand the Inspiren ecosystem and integration points with other applications to save staff time and give peace of mind with full visibility into what’s happening in their community,” Wang told SHN.

With Inspiren’s rapid growth, Wang said the company has been able to scale while “staying consistent” and committed to the company’s end goal of making a difference in a way that “improves care, safety and quality of life” for senior living residents.

Looking ahead to next year, Wang sees opportunities to “expand into new areas of senior care” and create solutions that enable continuity of care and provide stronger predictive insights for senior living professionals in care decision making.

“Our focus remains on serving the full senior living ecosystem, from caregivers and frontline staff to families, ensuring every community we work with and every family has peace of mind,” Wang said. “We’ll continue to scale responsibly while staying true to our mission and values.”

Senior living providers have been tasked with making tough decisions in choosing their technology partners this year, and Wang sees the need for technology to “evolve from transaction, disparate point solutions” towards systems that “understand the whole person over time” during a resident’s senior living stay.

“Developing AI-powered solutions, when done right, should mean more data, more insights, and better outcomes – but only if that technology is built with a deep clinical perspective and operational understanding,” Wang said.

Inspiren is one of the latest senior living tech companies making successful funding rounds happen. In January, SafelyYou and Nobi announced a $43 million Series C fund raise and $37 million Series B fund, respectively. In April, Equitage Ventures prepared a $47.3 million tech investment fund. In May, TSOLife raised $43 million in Series B funding to fuel growth and AI advancements. Last month, August Health raised $29 million in Series B funding to expand the company’s next round of growth and rollout of a new AI platform.

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