Insurance company Länsförsäkringar invests in E-health company Aifloo

SAMSUNG CSC

E-health company Aifloo raises 12 million SEK from Länsförsäkringar and existing owners to increase safety and security for the elderly so that they can live at home longer. The company develops the world’s first self-learning, e-health systems.

Aifloo has developed a technology to increase safety and security, especially for older people, with the help of artificial intelligence. Now Aifloo raises 12 million SEK from current owners and also Länsförsäkringar Sak, Sweden’s largest insurance company in the health and safety area, which joins as a new investor.

– It is a very exciting area Aifloo operates in. We see great opportunities in the future to be able to offer our customers new modern security solutions, says Thomas Abrahamsson, Manager of Health at Länsförsäkringar.

Aifloos technology learns people’s habits and behavior through motion detection and behavioral analysis using machine learning. When an abnormal behavior is detected an alarm is sent, via an app, to a service organization or selected family members.

– The combination of our newly developed sensor architecture and unique algorithms for artificial intelligence puts Aifloo in a leading position in a very hot area. We have been convinced that we have both a great and important product, and it is of course fun that our new investment round was quickly oversubscribed, says Michael Collaros CEO of Aifloo.

Faced with a global product launch 2017 Aifloo will do a large international financing round. Aifloo has since fall 2015 raised nearly 25 million in funding.

Close to 20 percent of the population in Western countries are over 65 years, and the percentage continues to grow. People’s need for support increases, which already today is a major challenge for society. Aifloo develops an e-health system based on a unique artificial intelligence (AI), which increases security by understanding and analyzing behaviors. This allows for example the elderly and the chronically ill to live longer in their own homes.

> More information: www.aifloo.com