Cloud Security SECOM Invests in AI Startup LiveSmart

Aitechpark12 Aug, 2021Technology

LiveSmart is helping develop self-monitoring solutions for seniors and cloud-based security solutions for SECOM, the largest home security company in the world by revenue. To that end, SECOM participated in the latest equity financing of LiveSmart. Problem: Fast Aging Seniors Could Bankrupt National Insurance 12 million Japanese seniors are expected to be living alone by 2040, up from about 8 million now. Life expectancy is about 81 years, 5 years higher than the Americans. Ironically this achievement has already taken a toll on national insurance. Japan is looking for ways to dramatically reduce emergency visits to hospitals, lower insurance funded nursing care.