August Health Secures $29 Million to Revolutionize Senior Living with AI
August 9, 2025, 9:35 pm
Location: United States, Massachusetts, Cambridge
Employees: 51-200
Founded date: 2000
Location: United Kingdom, England, City of London
Employees: 10001+
Founded date: 1885
Location: United States, California, San Francisco
Employees: 11-50
Founded date: 2017
August Health secured $29 million in Series B funding. This major investment boosts its advanced EHR platform for senior living. The platform streamlines care management, medication tracking, and billing. It optimizes operations for thousands of communities across North America. Key investors include Base10 Partners, General Catalyst, and Stanford University. The new capital fuels extensive product development. Future plans include AI-powered insights. This "August Intelligence" aims for real-time decision-making. The technology demonstrably improves resident care, staff satisfaction, and financial performance. It reduces incidents significantly and boosts revenue. This funding solidifies August Health's market leadership. It transforms an essential healthcare sector.
August Health has secured significant capital. The company announced $29 million in Series B funding. This investment empowers its mission. It aims to modernize senior living operations. The round was led by Base10 Partners. Key existing investors also participated. General Catalyst and Matrix Partners reaffirmed their commitment. New strategic partners joined the effort. Equitage Ventures stepped in. The Senior Living Transformation Company contributed. Stanford University also invested. This diverse backing underscores confidence. It highlights the platform's vital role.
The funds have a clear purpose. August Health will accelerate product development. It plans to consolidate its market position. The senior living sector faces rising demands. Modern solutions are crucial. August Health offers a comprehensive EHR platform. It addresses core operational needs. This system is a record keeper. It serves thousands of communities. Its reach extends across the U.S. and Canada.
The platform began in 2020. Justin Schram, M.D., and Erez Cohen founded the company. Their vision was clear. Senior care needed digital transformation. The platform now supports operators broadly. It streamlines complex processes. Features include Move-Ins. This simplifies resident onboarding. eMAR manages medications effectively. Care Track monitors resident well-being. Billing & Payments handles financial transactions. Insights provides crucial data analysis.
August Health's platform delivers tangible results. Communities using it report significant improvements. Incident rates have decreased by 23 percent. This enhances resident safety. Revenue has climbed by 20 percent. The system identifies previously untracked services. This translates to millions in new revenue. Staff report improved care quality. Their job satisfaction also increases. The technology directly impacts daily operations. It drives efficiency. It elevates the standard of care.
The next major release is imminent. It is called August Intelligence. This addition leverages artificial intelligence. It will offer AI-powered insights. Communities can act faster. They can make decisions more confidently. August Intelligence provides real-time recommendations. It serves as an AI-driven care partner. Rollout to select operators starts this fall. This marks a significant technological leap. It promises more proactive care management.
The investor lineup reflects strategic foresight. Base10 Partners brings venture expertise. General Catalyst and Matrix Partners offer continued support. Equitage Ventures focuses on senior living. The Senior Living Transformation Company also understands the market deeply. Stanford University's involvement adds academic and research credibility. These partnerships are more than financial. They offer invaluable industry connections. They provide strategic guidance. This strengthens August Health’s ecosystem.
The company's growth has been rapid. Since its 2020 launch, adoption has soared. Major operators embrace the platform. Sonida Senior Living uses it. 12 Oaks Senior Living relies on it. Bickford Senior Living benefits from it. Koelsch Communities are on board. Westmont Living also utilizes the system. This widespread adoption shows market validation. It proves the platform’s effectiveness. It underscores its scalability.
August Health is redefining senior living technology. Its data-driven platform is a frontrunner. It transforms care delivery. It optimizes operational workflows. The embedded intelligence is elegant. It is grounded in real-world needs. It avoids mere hype. It supports staff directly. It elevates resident care. This approach respects the complexity of senior care. It addresses its inherent humanity. It meets day-to-day realities. Teams make timely, better-informed decisions.
This funding ensures continued innovation. It supports expansion into new areas. It solidifies August Health’s leadership. The company is positioned for sustained impact. It remains committed to its core mission. That mission is to empower senior living operators. It seeks to enhance the lives of residents. It aims to support care teams. The future of senior care is digital. August Health is paving that path. It is building the essential infrastructure. This investment marks a pivotal moment. It propels vital change in a critical sector.
August Health has secured significant capital. The company announced $29 million in Series B funding. This investment empowers its mission. It aims to modernize senior living operations. The round was led by Base10 Partners. Key existing investors also participated. General Catalyst and Matrix Partners reaffirmed their commitment. New strategic partners joined the effort. Equitage Ventures stepped in. The Senior Living Transformation Company contributed. Stanford University also invested. This diverse backing underscores confidence. It highlights the platform's vital role.
The funds have a clear purpose. August Health will accelerate product development. It plans to consolidate its market position. The senior living sector faces rising demands. Modern solutions are crucial. August Health offers a comprehensive EHR platform. It addresses core operational needs. This system is a record keeper. It serves thousands of communities. Its reach extends across the U.S. and Canada.
The platform began in 2020. Justin Schram, M.D., and Erez Cohen founded the company. Their vision was clear. Senior care needed digital transformation. The platform now supports operators broadly. It streamlines complex processes. Features include Move-Ins. This simplifies resident onboarding. eMAR manages medications effectively. Care Track monitors resident well-being. Billing & Payments handles financial transactions. Insights provides crucial data analysis.
August Health's platform delivers tangible results. Communities using it report significant improvements. Incident rates have decreased by 23 percent. This enhances resident safety. Revenue has climbed by 20 percent. The system identifies previously untracked services. This translates to millions in new revenue. Staff report improved care quality. Their job satisfaction also increases. The technology directly impacts daily operations. It drives efficiency. It elevates the standard of care.
The next major release is imminent. It is called August Intelligence. This addition leverages artificial intelligence. It will offer AI-powered insights. Communities can act faster. They can make decisions more confidently. August Intelligence provides real-time recommendations. It serves as an AI-driven care partner. Rollout to select operators starts this fall. This marks a significant technological leap. It promises more proactive care management.
The investor lineup reflects strategic foresight. Base10 Partners brings venture expertise. General Catalyst and Matrix Partners offer continued support. Equitage Ventures focuses on senior living. The Senior Living Transformation Company also understands the market deeply. Stanford University's involvement adds academic and research credibility. These partnerships are more than financial. They offer invaluable industry connections. They provide strategic guidance. This strengthens August Health’s ecosystem.
The company's growth has been rapid. Since its 2020 launch, adoption has soared. Major operators embrace the platform. Sonida Senior Living uses it. 12 Oaks Senior Living relies on it. Bickford Senior Living benefits from it. Koelsch Communities are on board. Westmont Living also utilizes the system. This widespread adoption shows market validation. It proves the platform’s effectiveness. It underscores its scalability.
August Health is redefining senior living technology. Its data-driven platform is a frontrunner. It transforms care delivery. It optimizes operational workflows. The embedded intelligence is elegant. It is grounded in real-world needs. It avoids mere hype. It supports staff directly. It elevates resident care. This approach respects the complexity of senior care. It addresses its inherent humanity. It meets day-to-day realities. Teams make timely, better-informed decisions.
This funding ensures continued innovation. It supports expansion into new areas. It solidifies August Health’s leadership. The company is positioned for sustained impact. It remains committed to its core mission. That mission is to empower senior living operators. It seeks to enhance the lives of residents. It aims to support care teams. The future of senior care is digital. August Health is paving that path. It is building the essential infrastructure. This investment marks a pivotal moment. It propels vital change in a critical sector.