# Cherry Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cherry-labs

- Industry: Software
- Headquarters: Cupertino, US
- Website: www.cherryhome.ai
- Total disclosed funding: $0.9M
- Latest round: Seed (Nov 1, 2016)
- Investors on record: 4

## About

Cherry Labs Inc. develops innovative remote monitoring solutions designed to enhance safety and well-being in senior assisted care facilities. Their technology utilizes advanced sensors for real-time health and behavior monitoring.Cherry Labs Inc. focuses on providing remote monitoring solutions for senior care. Founded in 2016 in Cupertino, US, the company has successfully raised a total of USD 5.2 mn, including the latest round of funding of USD 5.2 mn led by GSR Ventures in December 2018. The firm has completed four deals to date. The CEO and co-founder, Max Goncharov, has a strong background in technology and entrepreneurship.Cherry Home specializes in a remote monitoring solution designed to enhance the safety and well-being of residents in senior assisted care facilities. Their offering includes a network of wireless sensors that integrate into everyday objects, enabling real-time monitoring of residents' behavior and health. The system uses advanced software to detect anomalies such as falls or unusual movements, sending alerts to staff and family members. This service aims to provide peace of mind for families and caregivers and facilitates ongoing assessment of care through data insights. Cherry Home serves senior care facilities and families, including those with elderly individuals and dementia, across the United States and Canada.Cherry Home's revenue model is primarily subscription-based, providing continuous monitoring and support through its technology. Clients, including senior care facilities and families, pay for access to the system, which encompasses professional 24/7 monitoring services. The flagship monitoring system includes camera-based sensors, two-way communication capabilities, daily activity summaries, and real-time alerts for timely interventions. Payment structures are established through direct agreements with care facilities and families, ensuring seamless service tailored to their needs.Cherry Labs Inc. is focused on expanding its product offerings and market reach. The recent funding of USD 5.2 mn will be utilized to enhance their technology and develop new features. The company plans to target additional markets in 2024, aiming for geographic expansion beyond the US and Canada. This includes exploring opportunities in European senior care markets, where demand for remote monitoring solutions is growing.

## Funding rounds

- Seed, Nov 1, 2016 — Gagarin Capital
- Seed, Apr 1, 2016, $0.9M — Altair Capital, Impulse VC, Gagarin Capital, GVA Capital

## Investors

- Altair Capital — Seed
- Impulse VC (https://capitalatlas.ai/funds/impulse-vc) — Seed
- Gagarin Capital (https://capitalatlas.ai/funds/gagarin-capital) — Seed
- GVA Capital (https://capitalatlas.ai/funds/gva-capital) — Seed