As the aging U.S. population continues to grow, with an estimated 73 million baby boomers turning 65 or older by 2030, senior care communities face unprecedented challenges including inconsistent care standards, staffing shortages, and increasingly complex resident needs. The senior living industry struggles to balance quality care with operational efficiency while 95 percent of baby boomers enter facilities with at least one chronic condition. Inspiren offers the market’s first complete AI-driven ecosystem that integrates care planning, resident safety, emergency response, and staff optimization into one seamless platform. Founded by Michael Wang, a former Green Beret turned cardiothoracic nurse, the company combines advanced technology with compassionate care to prevent missed revenue, reduce hospital visits, and provide data-driven insights for personalized care plans. With real-time monitoring capabilities and dedicated clinical specialists assigned to each community, Inspiren has helped facilities prevent up to 30% of missed revenue and achieve an 83% reduction in 911 calls due to falls.
AlleyWatch sat down with Inspiren Founder and Chief Clinical Officer Michael Wang to learn more about the business, its future plans, and recent funding round of fundin, which brings the company’s total funding raised to $42.8M.
Who were your investors and how much did you raise?
$35M Series A funding led by Avenir with participation from Primary Venture Partners, Story Ventures, Third Prime, and Studio VC.
Tell us about the product or service that Inspiren offers.
Inspiren is the most complete and connected care ecosystem in senior living, bringing together care quality, staff efficiency, and resident safety in one seamless platform. Our integrated solutions fit into existing workflows, capturing real-time data on everything happening within a community. With AI-driven notifications, powerful analytics, and nurse-led support, we help operators make clinical and operational decisions—improving care planning, optimizing staff workflows, and enhancing emergency response.
What inspired the start of Inspiren?
I wanted to prove that compassionate care and technology can coexist—bringing peace of mind to residents, families, and staff.
How is Inspiren different?
We are the essential ecosystem in senior living. We’re the first to offer a complete ecosystem for everyone involved in a senior living community. We combined care planning, staff optimization, emergency call, and fall mitigation into one solution designed with senior living operators in mind.
What market does Inspiren target and how big is it?
The Assisted Living and Memory Care markets. There are approximately 1.1 million licensed Assisted Living and Memory Care units in the U.S. today, spread across more than 30,000 communities.
What’s your business model?
Inspiren sells its ecosystem to senior living operators, bringing together, staff efficiency, emergency call, and resident safety in one seamless platform to senior living communities.
What factors about your business led your investors to write the check?
“Inspiren represents a breakthrough solution to senior living’s most pressing challenges,” said Jared Sleeper, partner at Avenir Growth Capital. “The company is the first to tackle critical pain points—from staffing and inefficient workflows to inconsistent billing and resident safety—in one seamlessly integrated platform. We believe Inspiren has the potential to fundamentally transform how senior care is delivered, making it more efficient, transparent and ultimately, more human.”
“Inspiren is the only company in the market taking a holistic approach to improving resident safety, optimizing staffing and enhancing operations. Their obsession with improving outcomes combined with their integrated platform is already delivering a measurable impact for leading care communities across the country. We believe Inspiren’s technology will set a new standard for efficiency, transparency and quality in senior living,” said Sam Toole, partner at Primary Venture Partners.
How are you preparing for a potential economic slowdown?
Our approach to an economic slowdown is to be true partners to our customers. We aim to really understand the pressures that they are under and we aim to support them by consistently delivering real and demonstrable value to them. If we are able to drive topline revenue, increase workforce efficiency and reduce adverse events we believe that we’ll be able to help our customers (and ourselves) weather any potential near-term slowdown.
Our approach to an economic slowdown is to be true partners to our customers. We aim to really understand the pressures that they are under and we aim to support them by consistently delivering real and demonstrable value to them. If we are able to drive topline revenue, increase workforce efficiency and reduce adverse events we believe that we’ll be able to help our customers (and ourselves) weather any potential near-term slowdown.
What was the funding process like?
The fundraise in 2024 was a wonderful experience. We learned a lot about our business, how venture thinks about what we’re building, what we can do better all the while meeting some amazing potential partners along the way.
What are the biggest challenges that you faced while raising capital?
Given the timing of when we raised, one of our biggest challenges was the ambiguity in the business environment for 2025. There were a lot of known unknowns during our raise and we needed to clearly demonstrate to venture that we were prepared for any eventuality.
What are the milestones you plan to achieve in the next six months?
Over the next six months, we will begin installing our generation 4 set of devices. This is a momentous milestone that sets Inspiren up so incredibly well for the future as we’ll now be able to have full sensor coverage, throughout the entirety of a Senior Living community. Thus ensuring our ability to help significantly more residents and staff.
What advice can you offer companies in New York that do not have a fresh injection of capital in the bank?
I’d say to continue to be transparent/build credibility with their existing investors (always the best source of capital in a challenging environment) and seek to avoid situations where they are dependent on others to survive where possible- many of the worst decisions in a downturn get done because there are made in a rush/under pressure.
Where do you see the company going in the near term?
Inspiren will continue to stay laser-focused on the assisted living and memory care segments of the market.
What’s your favorite spring destination in and around the city?
Prospect Park. It’s great to see so much green again!
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