Goldman Sachs Alternatives leads Series C round for eldercare technology
Sage, a New York-based senior care technology company, has raised $65 million in a Series C funding round led by Goldman Sachs Alternatives, with participation from existing investors IVP and Goldcrest. The funding will help the company expand its artificial intelligence platform designed to support caregivers in nursing homes and assisted living facilities as demand rises for technology-enabled eldercare solutions.
Capital to strengthen AI platform for caregivers and care facilities
The fresh capital will be used to enhance Sage’s AI-powered care platform and expand its deployment across senior care facilities. The company aims to develop advanced tools that help caregivers manage documentation, monitoring, and care coordination more efficiently, reducing administrative workload while improving quality of care for elderly residents.
Building AI solutions to address staffing and care challenges
Sage’s platform focuses on addressing operational challenges faced by senior care providers, including staff shortages and increasing administrative requirements. By leveraging artificial intelligence, the system assists caregivers with clinical documentation, workflow management, and real-time insights that help improve patient outcomes and care quality.
Rising demand for technology-enabled eldercare services
The funding comes amid growing demand for digital healthcare infrastructure supporting ageing populations, particularly in the United States where senior care facilities face increasing operational pressures. With the new investment, Sage plans to expand its AI capabilities and scale adoption of its platform across more nursing homes and assisted living facilities.
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