CareU
Date of Foundation
2024

CareU

Assistive Voice Companion for All Ages

The Idea origin story

Born out of a desire to promote wholesome engagement, our startup, CareU, is about developing an app that gives the warmth of human contact without constant physical presence. The app can mimic your voice or others' to interact, narrate stories, and converse not just with children, but with any age group including the elderly. It's a step towards providing personalised companionship at our fingertips.

The Mission

Our mission is to make CareU ubiquitous, fostering engaging interactions for children and the elderly, and providing insightful monthly growth reports to their loved ones.

Clients

Our customers are busy professionals, aged between 20s and 50s, who seek engaging care for their young children or elderly parents.

Problems we solve

Client’s problem

trouble spending time with their loved ones, and might miss out some important conversation/moments of their kids or elderly parents.

Confirmation of problem

kids are given ipad to play with when the parents are busy and the elderly parents live alone without seeing their kids often

Solution

Our AI-driven app uses family voices to converse with and comfort users, and provides monthly reports about the thoughts that concern them.

Our technologies

This solution is based on technologies

Our startup 'CareU' is developing an app that offers the joy of human interaction without perennial physical presence. The uniquely designed technology enables the application to mimic your voice, engaging with various age groups through interactions, story narrations and more. We envision CareU as a ubiquitous platform nurturing meaningful communications for minors and seniors whilst producing enlightening development reports monthly for their families. Our key clientele includes bustling professionals between 20-50 years who are in search of affectionate care for their infants or aged parents

How it works

CareU interacts with clients to understand their background and interests, enabling seamless conversations where it mimics the replies of loved ones.

Value for the client

Wharton's recommendation: CareU liberates users from time constraints and guilt, whilst keeping them informed about their loved ones' thoughts and concerns.

Market and strategy

Market size

316

mln/year

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

Market share goal

20

% of the market

Is our goal in the next 3 years

Team

My name’s

Natasha Wang

My key role in the product

My key role is Founder and CEO, responsible for generating innovative ideas, strategic planning and overseeing business operations.

Team size and key members

Tianjiao Ding, a PhD student at UPenn in IDEAS, specializes in theoretical foundations of machine learning and data science with emphasis on manifold learning, clustering and 3D vision.

Competitors

Competitors

Competitors could include other voice assistant platforms such as Amazon's Alexa, Google's Assistant and Apple's Siri that may have functional overlap with our service. Also, storytelling apps like Novel Effect would be in competition.

Our Advantages

With a dedicated focus on companionship for minority groups, my co-founder and I bring combined expertise in voiceover tech and educated business strategy. Our unique background includes founding profitable ventures and experience with top financial institutions.

Business model

client pay subscription fee, im thinking 29.99usd per month per user

Traction

I have conceptualized an innovative startup idea, teamed up with a technical co-founder and conducted an extensive market research. Encouragingly, we discovered no significant competitors within our niche space.

We've hit a significant milestone with our startup - our Minimum Viable Product (MVP) is complete and ready. This is a key step in validating our concept and driving further development.

Metrics

We're in the concept phase, having connected with over 100 working professionals aged 30-50. With familial responsibilities towards kids and elderly parents, a staggering 92% have expressed keen interest in our startup idea.

Incorporation

Our company incorporated in

Delaware

Key risks

The main risks for my startup could be user privacy concerns, challenges in AI mimicking human-like conversation effectively, reliance on frequent updates from family members to stay relevant and potential competition from bigger tech companies.

Investments

$

$5000

We raised investments

Our Investors

we dont have investors yet

Rising Investments

$

$150,000

Currently, we are raising investments

$

$13.5M

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

Article

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Additional information

Idea