CareBand
- Company typePrivate
- Founded2016
- HeadquartersChicago, United States
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What CareBand does
CareBand, Inc. is a Chicago-based private company founded in 2016 by Adam Sobol that develops LoRaWAN-based wearable devices and software for real-time location tracking, activity monitoring, fall detection, and wander management of seniors living with dementia. Its product portfolio centers on three wearable generations — CareBand 3 (Indoor), CareBand 4 (Button), and CareBand 5 (Outdoor) — supported by the CareBand Dashboard, a web-based platform for indoor/outdoor location visualization, activity statistics, and social interaction trends, plus flexible APIs for custom integration. Add-on solutions include Wander Management, Nurse Call, Fall Monitoring, and Indoor Patient Tracking, while CareBand at Home extends the platform to family caregivers via a waitlist and SafeTrack pivots the underlying technology toward public health applications such as contact tracing and social distancing.
The company sells primarily to senior living communities, home care agencies, and research institutions through an enterprise field sales motion with quote-based per-seat monthly subscription pricing; HIPAA-compliant privacy practices apply across the device, software, and API stack. CareBand augments its commercial offering with applied AI/ML for behavioral pattern analysis, proximity monitoring, and agitation detection, developed in partnership with the University of Texas at Dallas and supported by multiple NIH SBIR/STTR grants (NIA awards R43AG063685 and R43AG074753, plus an NIH R21) totaling approximately $2 million in non-dilutive funding. International expansion is being pursued via a MatchX GmbH partnership targeting Germany and the Netherlands, and ecosystem connectivity is being broadened through Amazon Sidewalk, LORIOT, The Things Network, and Helium integrations. The company operates with fewer than 10 employees and remains privately held.
CareBand firmographics
Firmographics- Name
- CareBand
- Legal name
- CareBand, Inc.
- Website
- https://carebandremembers.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
CareBand industry classification
Industry- Product category
- Dementia Care Wearables
- NAICS
- Services for the Elderly and Persons with Disabilities (624120)
- SIC
- Surgical & Medical Instruments & Apparatus (3841)
- akta.pro primary industry
- Elder Care, Assisted Living & Fall Detection Systems (HLACAPAF)
- akta.pro secondary industries
- Elderly/Frail & Assisted Living Connected Care (PERS/Fall Detection) (HLACAFAE), Dementia & Wandering-Safety 24/7 In-Home Care (HSABAHAE), Smart Home & Assistive Technology Installation for Aging-in-Place (HSABAJAI), Elder Care, Wellness & Home Health IoT (Fall Detection, Medical Alerts, Sleep/Wellness Sensors) (HSAPAQAJ)
Keywords
Where CareBand is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
CareBand business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Personnel, Marketing or Sales, Operations
Revenue model
- Wearable Device Sales and Monitoring Services: Revenue generated from sale of wearable devices combined with ongoing monitoring and care coordination services for senior living facilities and healthcare providers
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Per seat | Monthly | Enterprise - Senior Living Facilities |
| Subscription | Monthly | Home-Based Care Solutions |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
CareBand product offering
Product offeringCore offering
CareBand designs and sells LoRaWAN-based wearable devices (CareBand 3 Indoor, CareBand 4 Button, CareBand 5 Outdoor, and SafeTrack) that provide real-time indoor and outdoor location tracking, fall detection, and activity monitoring for seniors living with dementia. The wearables feed into a web-based dashboard with AI/ML-driven behavioral analytics, and the company offers home-based and public-health (contact tracing) variants. Customers are primarily senior living facilities, healthcare providers, and research institutions on subscription/per-seat pricing.
Product overview
CareBand offers a suite of location-based health and safety solutions for seniors and people living with dementia. The product portfolio centers on three generations of wearable devices: CareBand 3 (Indoor), CareBand 4 (Button), and CareBand 5 (Outdoor), which together provide indoor room-level tracking, outdoor monitoring up to a mile away, and activity monitoring using LoRaWAN technology. The SafeTrack product line extends these capabilities into public health applications including contact tracing, proximity monitoring, and social distancing. These products are supported by a customizable web and mobile dashboard, flexible APIs for custom development, and operate passively 24/7 without requiring WiFi or cellular connectivity. The system uses machine learning algorithms to detect proximity between wearers, analyze activity patterns, and identify early changes in condition.
Differentiator
Problem solved
Functional benefit
Products and services
- CareBand 3 – Indoor
Quantifiable outcome
- Extended battery life up to 7 days
- +1 more outcomes
Companies that use CareBand
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
CareBand technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability4 records
Feature2 records
CareBand partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- MatchX GmbHcoreStrategic partnership for European market expansion. MatchX GmbH provides LoRaWAN infrastructure and connectivity expertise to support CareBand's wearable technology deployment in Europe.
- University of Minnesota Memory Keepers-MDTcoreNIH R21 research grant collaboration focusing on dementia care research and real-world evidence data collection using CareBand's wearable technology.
- University of Texas, Dallas (Dr. Sriraam Natarajan)coreResearch partnership with Dr. Sriraam Natarajan focusing on AI/ML development for dementia patient behavioral pattern analysis and prediction.
- LORIOTcoreSelected for Business Connect program providing access to LORIOT's global LoRaWAN network infrastructure and ecosystem for expanded connectivity coverage.
- Eperture LLC / RememberStuff, Inc.minorSBIR Phase I grant partnership for technology development and commercialization support.
- Indiana UniversityminorAcademic research partnership for dementia care technology research and development.
Scale indicators2 records
Recent moves6 records
Expansion highlights6 records
CareBand competitors and assessment
Company assessmentEmerging players
- Bay Alarm Medical: Established PERS provider for aging-in-place seniors. Competes with CareBand at Home in the same direct-to-family caregiver channel for senior safety and fall response.
- VitalConnect: Wearable biosensor for remote patient monitoring in clinical and post-acute settings. Comparable to CareBand in wearable remote monitoring and AI-driven clinical insights, though focused on cardiac/multi-parameter vitals.
- Aloe Care Health: Smart PERS and elder monitoring with hub-based device and voice activation. Comparable to CareBand at Home as a modern alternative to traditional medical alerts for aging-in-place.
- MobileHelp: Direct-to-consumer PERS and mobile medical alert provider. Competes with CareBand at Home on wearable safety for seniors, with broader consumer distribution but less AI/behavioral analytics.
Others
- Life360: Family location and safety app co-piloted with CareBand on Amazon Sidewalk. Not a direct competitor but a relevant adjacent peer in family-facing location tracking for vulnerable individuals.
Broad incumbents
- Tunstall Healthcare: Established telecare and PERS provider with strong European footprint. Comparable to CareBand in serving elderly populations with monitoring technology, though Tunstall is much broader in scope and incumbency.
- Philips Lifeline: Best-known medical alert / PERS service in North America. Competes with CareBand at Home for senior safety and emergency response use cases, though primarily button-based rather than AI wearables.
- AiRISTA Flow: RTLS (real-time location system) provider for healthcare and senior living. Competes with CareBand on indoor/outdoor resident tracking with broader enterprise RTLS deployments.
Direct peers
- CarePredict: AI-powered wearable for seniors that tracks activity patterns, ADLs, and behavioral changes to detect health deterioration. Closest direct competitor by wearable form factor and AI-driven behavioral analytics approach.
- Securitas Healthcare (formerly Stanley Healthcare): Largest provider of wander management, RTLS, and senior living safety solutions. CareBand competes directly in the same senior living facilities with location tracking and resident monitoring products.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
CareBand social profiles
Digital presenceCareBand compliance and trust
Trust signalCompliance1 record
CareBand financial estimates
Financial estimateRevenue estimate
Valuation estimate
CareBand leadership team
Management profileNumber of profiles
Profiles2 records
CareBand funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CareBand M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CareBand
What does CareBand do?
CareBand designs and sells LoRaWAN-based wearable devices (CareBand 3 Indoor, CareBand 4 Button, CareBand 5 Outdoor, and SafeTrack) that provide real-time indoor and outdoor location tracking, fall detection, and activity monitoring for seniors living with dementia. The wearables feed into a web-based dashboard with AI/ML-driven behavioral analytics, and the company offers home-based and public-health (contact tracing) variants. Customers are primarily senior living facilities, healthcare providers, and research institutions on subscription/per-seat pricing.
Is CareBand a public or private company?
CareBand is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CareBand founded?
CareBand was founded in 2016. It employs 1 to 10 people.
Where is CareBand based?
CareBand is headquartered in Chicago, United States, in the North America region.
How does CareBand make money?
One revenue line is on record: wearable Device Sales and Monitoring Services.
Who are CareBand's main competitors?
Emerging players on record are Bay Alarm Medical, VitalConnect, Aloe Care Health and MobileHelp. Life360 is listed as an others. Broad incumbents are Tunstall Healthcare, Philips Lifeline and AiRISTA Flow. Direct peers are CarePredict and Securitas Healthcare (formerly Stanley Healthcare).
Does CareBand have an API?
Yes. CareBand offers flexible APIs for custom development, enabling integration with existing systems and custom applications. The platform includes customizable web and mobile software with data export capabilities.
What industry is CareBand in?
CareBand's product category is Dementia Care Wearables. Its primary akta.pro industry code is HLACAPAF, Elder Care, Assisted Living & Fall Detection Systems, with a secondary code of HLACAFAE, Elderly/Frail & Assisted Living Connected Care (PERS/Fall Detection). Its NAICS code is 624120 and its SIC code is 3841.