Copenhagen’s Teto.ai raises €17 million in bid to make healthcare affordable and accessible to all

Teton.ai, a Danish predictive intelligence company for modern healthcare, today announced a €17 million Series A fundraise to make healthcare accessible to every part of the care ecosystem.

The round was led by Plural, which also led Teton’s Seed round, with participation from Bertelsmann Investments, Antler Elevate and Nebular, as well as follow-on investment from PSV Tech.

Mikkel Wad Thorsen, CEO of Teton.ai, said: “The economics of senior care and healthcare are broken: costs rise, staff burn out and outcomes suffer. Shifting care from reactive to predictive changes the equation. Emergencies decline, staffing is planned with precision and every intervention creates value. At its core, this is a deflationary technology, making top-tier care more abundantly accessible to more people – extending the length and quality of life for residents while lowering the cost to deliver it.

“After years embedded inside care environments, we’ve built technology that impacts daily operations, delivering measurable ROI to operators from day one and structural advantages that only grow over time.”

Founded in 2020, Teton.ai is custom-built for healthcare settings, aiming to provide clarity, delivering foresight, enabling action and driving outcomes. While they are starting with senior care communities and hospitals, they believe their technology can generate significant benefits in any healthcare environment, anywhere in the world.

Since seed, Teton has grown ARR 13x and partnered with Nvidia to develop the largest point-of-care dataset in senior care. The company is growing customer numbers 300% year-on-year, delivering concrete outcomes to senior care communities and hospitals across the U.S. and Europe.

“Teton is at the cutting edge of a much-needed transformation in healthcare,” said Taavet Hinrikus, Partner, Plural. “Within a short time, its technology is already reducing costs and resource needs while achieving the most important thing – improved health outcomes. It’s a complete gamechanger for owners, operators, caregivers, families and residents. The strength of Teton’s team and technology means it’s set to become the market leader as it solves a huge global problem.”

According to the company, healthcare, particularly senior care, faces systemic and urgent challenges. Populations are aging, comorbidities are increasing. Care staff are over-burdened and exiting the industry at higher rates than ever. Costs are already steep and rising.

Teton looks bridges the gap between care needs and care capacity, enabling wider access to premium care for ordinary families and their loved ones.

Teton’s platform reportedly delivers four critical capabilities:

• Teton’s AI and computer vision technology creates digital twins that continuously observe and understand what’s happening across residents, staff and space – passively and privately. This generates the clarity layer for care: data that has never existed before, which creates full health profiles of residents and granular insights into operations.
• Teton tracks key health metrics and brings visibility to everyday patterns and changes, helping teams notice shifts and opportunities to intervene early. Teton forecasts workflows and staffing needs, so leaders and caregivers alike can plan ahead.
• Teton delivers the right message to the right person at the right time – preventative intervention, no unnecessary disturbances. Its platform removes administrative burden from caregivers to focus on what matters – providing human-to-human care. Teton gives leaders the capacity to make informed changes to staffing, workflows and billing.
• Teton delivers results to every part of the care ecosystem:
  • For residents, Teton creates an understanding of resident health and behaviour that enables tailored care that is safer, more personalised and dignified. For example, Teton reduces falls – the leading cause of injury-related death in adults 65 years and older – by 82%.
  • For families, Teton delivers transparency, trust and, ultimately, more time with loved ones. For example, Teton enables families to monitor relatives’ health and well-being remotely, in real-time.
  • For caregivers, Teton gives time back to listen to, hold hands with – to care for – residents. For example, by reducing their administrative workload and planning their rounds, Teton saves 25% of caregivers’ time – every day. This is time they can spend caring for residents.
  • For operators, Teton optimises workflows, increases occupancy and staff retention, lowers liability and captures full revenue. For example, against a backdrop of a global shortage of caregivers, Teton drives 28% higher staff retention.
  • For owners, Teton offers portfolio-wide transparency to attract more residents, reduce operational risk and boost returns. For example, Teton delivers 5x ROI as quickly as one year post-installation.

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