NEW YORK, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Wisdom, the next generation smart home company helping older adults live safely and independently, today announced a $315,000 social-impact investment from the Richard King Mellon Foundation to help advance platform development and support real-world deployment of its Smart Home system, powered by ambient sensing and edge AI technology and designed for aging in place. This investment adds to $925,000 in previously unannounced pre-seed financing from crowdfunding and angel investors, bringing the total raised to more than $1.3 million.

Wisdom helps older adults live safely and confidently at home, without the need for a traditional medical alert device or interaction with technology. Wisdom uses private, sensor-based technology to identify falls, detect changes in activity, alert caregivers and family members and escalate to emergency services when help may be needed.

The U.S. is seeing rapid growth in the population of older adults, with the number of Americans aged 65 and older projected to increase 42%, from 58 million in 2022, to 82 million by 2050, according to the Population Reference Bureau. At the same time, the country is facing a severe caregiver shortage with the number of aging adults projected to outnumber caregivers available to support them. The Home Care Workers Association of America reports a crisis in the home care workforce, noting that caregiver (aide and nursing) supply is insufficient for the growing needs of older adults.

Older adults in underserved urban and rural areas are significantly more likely to age in place out of necessity, not preference, due to cost and lack of alternatives, according to