WalkWise

WalkWise

Our smart walker attachment helps seniors maintain their independence by monitoring wellness, health, and safety. Learn more

Launch date
Employees
Market cap
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Enterprise valuation
CAD7—10m (Dealroom.co estimates Jul 2023.)
Fargo North Dakota (HQ)
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DateInvestorsAmountRound
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N/A

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Seed
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$405k

Seed
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$1.2m

Seed
Total FundingCAD2.2m

Recent News about WalkWise

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WalkWise is a startup dedicated to enhancing the quality of care for seniors with mobility impairments by providing innovative remote monitoring solutions. The company operates in the senior care market, serving organizations such as assisted living facilities, nursing homes, and physical therapy centers. WalkWise's primary product is a smart mobility aid attachment that can be easily installed on walkers. This device collects and transmits data about the user's mobility patterns, helping caregivers monitor and respond to potential risks, such as falls, without the need for invasive cameras or wearable devices.

The business model of WalkWise revolves around selling these smart devices to care providers and offering a subscription-based service for ongoing data monitoring and analysis. By leveraging this data, caregivers can make informed decisions to improve the safety and well-being of their patients. The company generates revenue through the initial sale of the hardware and recurring subscription fees for the data services.

WalkWise's solution is particularly valuable for care providers who need to keep a close eye on their patients' mobility without being physically present. The device's long battery life and ease of installation make it a practical choice for busy care environments. By using WalkWise, care providers can better understand their patients' needs and intervene promptly when necessary, ultimately leading to improved patient outcomes and reduced healthcare costs.

In summary, WalkWise is a tech-driven company focused on improving senior care through smart mobility monitoring solutions. It serves care providers in the senior care market, operates on a hardware-plus-subscription business model, and makes money through device sales and data service subscriptions.

Keywords: senior care, mobility monitoring, remote monitoring, smart device, fall prevention, assisted living, nursing homes, physical therapy, data analytics, healthcare technology.

Tech stack

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