The remote monitoring space is heating up, what with companies like ADT, Intel, and Philips moving in, and VCs funding startups. Living Independently will use the funds for sales and marketing, product development, and expansion into the UK.
The company has a system that uses motion sensors strategically placed in the home, monitoring software that analyzes daily activities and the ability to alert caregivers when any suspicious diversion from daily routines is observed. Current buyers are assisted and independent living facilities, homecare agencies, hospitals, and HMO's, and individuals in their homes. Direct-to-consumer sales are done by ADT, a division of Tyco (it will be interesting to see where ADT ends up in the Tyco break up).
[Hat tip: FierceHealthcare]