Ai Platform Sage Raises $65m In New Equity Round Led By Goldman Sachs Alternatives

Care platform Sage has raised $65 million in a Series C equity round led by Goldman Sachs Alternatives, the alternative investment arm of Goldman Sachs.

Investors IVP and Goldcrest, also contributed to the fundraise. Sage is using the funding to accelerate its mission of “improving the quality of life for older adults and their caregivers.”

The latest round of fund raising brings Sage’s total capital raised to $124 million and comes as Sage continues to grow its platform with Sage Detect, an “AI-powered, privacy-conscious monitoring system” and expanded electronic health records partnerships that are meant to extend the company’s footprint nationwide.

The funding is accelerating Sage’s efforts in predictive AI, resident safety through Sage Detect and its efforts to build a data-powered, unified caregiver workflow and invest in skilled nursing , according to Co-Founder and CEO Raj Mehra.

“These areas are active priorities that this funding allows us to now move faster on,” Mehra said.

Goldman Sachs Alternatives noted the investment comes at a time where it is necessary to modernize underlying technologies within the senior living industry, the release states.

“By shifting the industry from a reactive to a proactive model, Sage is creating the scalable infrastructure to help meet the historic demand of an aging population,” Ryan Leary, vice president within growth equity at Goldman Sachs Alternatives, said in the release.

Mehra added the funding will help senior living operators solve some of the industry’s “biggest operational challenges,” including higher resident acuity, workforce constraints and disconnected systems.

Following the latest fundraise, Sage is focusing its efforts on executing its current roadmap.

“We cannot solve the country’s caregiving crisis with staffing alone. Every caregiver I talk to says the same thing: current tools are not built for how care actually works, contributing to chaotic environments that fail both caregivers and residents,” Mehra said in the release. “This investment allows us to put caregivers at the center of innovation — by delivering a platform that provides real-time intelligence, and by convening an inaugural summit to ensure their voices and expertise drive the future of the industry.”

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