We’re excited to announce that August Health has secured $29 million in Series B funding, led by Base10 Partners, to further our mission to empower the essential work of caring for our elders. Our existing investors, General Catalyst and Matrix Partners are participating in the round, along with new strategic partners Equitage Ventures, the Senior Living Transformation Company, and Stanford University.
“August Health is redefining senior living technology,” said Adam Kaplan, Co-Founder and Partner of Equitage Ventures and CEO and Founder of Solera Living. “They’ve emerged as a frontrunner shaping the future of the industry, providing a modern, data-driven platform that transforms care and operations so that communities can thrive.”
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We first met at our neighborhood playground in 2020, pushing our two-year-olds on the swings. Justin, a physician who cared for frail older adults, shared his frustration with Erez, a startup founder and former Apple engineering leader, about how senior living communities were being left behind by modern technology. Community staff were constrained by outdated systems, a challenge Justin experienced firsthand as he struggled to access accurate information about the residents he treated. The absence of modern, integrated tools made it difficult to deliver high-quality, person-centered care at scale. What began as a chance encounter at the playground quickly turned into a collaboration to build next generation software to help meet the challenges of caring for the incoming wave of older adults.
It’s indisputable that senior living is at an inflection point. The gray wave is here, and older adults urgently need both housing and care. Yet both are under pressure: safe, affordable housing for older adults is in short supply, and there’s a growing caregiver shortage. The senior living industry is the critical backbone to efficiently deliver personal care and medication management to older adults in a warm, residential setting, but to meet this moment, the industry needs a modern, purpose-built system of record to evolve and stay vibrant and successful into the future.
Succeeding in the new paradigm will require operators to update and upgrade their operations, platforms and strategies. Forward-looking senior living operators understand that outdated technology built 30+ years ago for adjacent industries isn’t just a nuisance — it’s a threat to long-term success. To stay competitive and prepare for growth in the years to come, they are investing in modern systems and technology infrastructure that is finally available and created for their needs.
The growth of August Health reflects this industry-wide evolution: fast-forwarding from our chance encounter at the playground, August Health now serves thousands of communities, staff members, residents, and their families across the U.S and in Canada. Our modern EHR platform is the system of record for senior living operators that now supports key functions across their business with a range of integrated products including Move-Ins, eMAR (medication management), Care Track, Billing & Payments, and Insights. Customers have achieved results such as a 23% reduction in incidents, a 20% increase in revenue, and millions of dollars in previously untracked care services identified. Among clinical staff, 87% say August Health improves care quality, and 4 in 5 report improved job satisfaction — critical progress for an industry facing persistent staffing shortages and high turnover.
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From the start, we designed August Health with a clear eye toward the future. We built our data model, API infrastructure, and analytics environment to seamlessly support advancements in data science and AI, while working closely with customers behind the scenes to test ideas and shape what’s next.
With this new funding, we’re investing significant talent and resources in developing August Intelligence – an AI-enabled care partner that operates proactively across our platform to enhance clinical, operational, and financial outcomes.
Early results from August Intelligence demonstrate how caregivers can use AI-powered tools to strengthen the most human parts of their job — surfacing personalized, real-time insights that guide care teams toward timely interventions and best practices. Our model delivers summaries and evidence-based suggestions, delivering the right information to the right person at the right time. August Intelligence will be live for select customers this fall.
“As a customer, I’ve seen firsthand the clarity August Health brings to our operations,” said Andy Eby, CEO of Bickford Senior Living. “The platform’s insights equip our caregivers with the information they need, exactly when they need it, which is what great care requires. Now, as an investor, I’m excited about what’s ahead. August Health’s approach to embedded intelligence is elegant and grounded, not built on hype, but on real opportunities to support staff and elevate resident care. They’re thinking about AI in a way that respects both the complexity and humanity of this work, while meeting the day-to-day realities of senior living by helping teams make timely, better-informed decisions.”
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The capital we’ve raised will allow us to continue to further our mission with new capabilities and a new layer of intelligence. Recently, we gathered our entire company to reflect on five years’ of progress towards our enduring mission to empower the essential work of caring for our elders. With this new injection of capital, we will continue to drive the senior living industry forward and accelerate its capabilities to deliver compassionate and high-quality care at scale.
We’re ready, the team is energized, and we are just getting started.
With thanks,
Erez & Justin
