CareHeart
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Date of Foundation
2023

CareHeart

AI Emotional Support Buddies for Hospitalized Kids

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The Idea origin story

CareHeart Companions offers a revolutionary virtual companion designed to transform pediatric care. Using AI technology, these tailor-made avatars serve not just as distractions but as support systems, educational tools and comforting presences for children during long-term hospital care. They help reduce anxiety, foster resilience and add a personalized touch to the usually sterile environment. It's peace of mind for parents, a step into the future for hospitals and most importantly - a friend by their side when kids need it most.

The Mission

"Empowering children in hospitals with AI-driven companions for comfort, education, and resilience; transforming pediatric care."

Clients

Pediatric healthcare providers, professionals, administrators, insurance companies, patient's families, homecare services and government health departments.

Problems we solve

Client’s problem

CareHeart addresses children's distress in long-term care, developmental disruptions due to hospitalization, over-reliance on drugs for pain and anxiety management. It helps reduce family strain related to resource scarcity and offers personalized support solutions.

Confirmation of problem

Numerous studies reveal that long-term hospitalization in children often leads to emotional distress, development delays and resource strain.

Solution

CareHeart uses AI and avatars for tailored emotional support and education, offers personalized interactions, diverse language options, therapeutic virtual techniques and strictly follows data laws.

Our technologies

This solution is based on technologies

Artificial Intelligence, Machine Learning, Natural Language Processing, Virtual Reality technology.

How it works

Acquire CareHeart Companion, customize avatar. It provides engaging education and emotional support to children daily.

Value for the client

CareHeart Companions improve patient outcomes, reduce costs, give peace of mind to families and enhance the reach of child life specialists.

Market and strategy

Market size

25000

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

2

% of the market

Is our goal in the next 3 years

Team

My name’s

Edward Ginis

My key role in the product

My key role is CTO and I'm responsible for product development, technology strategy, team building and infrastructure management.

Team size and key members

Co-founder & CEO Raffi Kryszek pioneers AI innovation in spatial computing, drawing on a 20-year Emmy-winning film and TV career.

Competitors

Competitors

Key competitors include Sproutel with interactive wellness tools, SoftBank's humanoid robot Pepper, child-friendly AI platform AskTeddy, character medicine dispenser Ava the Elephant. Medtronic and Philips may expand into patient companion solutions along with children health apps providers.

Our Advantages

CareHeart combines advanced AI with an avatar and voice recognition platform. Our experience in hardware brings unique, customizable products to market. Inputs from child professionals ensure effective interaction with children of all ages.

Business model

CareHeart profits via subscriptions, hardware sales, data analytics services, home care expansion, market penetration and partnerships.

Traction

We’ve built a working prototype, consisting of the hardware, software, avatar rendering connected directly to an empathic AI LLM.

MVP launched successfully, with client trials underway and case studies prepared. All set for robust series A expansion. Our steady progress personifies our vision and readiness to scale up.

Metrics

Analyze hardware sales compared to expenses, understand the average revenue per user from software licenses and monitor customer loyalty for improved decisions.

Incorporation

Our company incorporated in

Delaware

Key risks

Potential risks include difficulty in integrating with existing hospital systems, patient privacy and data security concerns, initial resistance from medical staff or parents, ensuring the avatar interacts appropriately given the variability of children's emotions and understanding, technical glitches disrupting service, constant updates to adapt to rapidly evolving AI technology landscape.

Investments

$

2,500,000

We raised investments

Our Investors

No investors, company is owned by both co-founders equally.

Rising Investments

$

2,500,000

Currently, we are raising investments

$

10,000,000

Estimated pre-investment valuation of the company

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We’re looking for a co-founders

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Additional information

CareHeart
Idea
Date of Foundation
2023