iBeat Raises $3 Million

Electronics startup iBeat announced the close of $3 million in seed financing from a group of investors that includes Maveron, Subtraction Capital, Correlation Venture, and Band of Angels.

Located in San Francisco, iBeat is a technology company that seeks to empower people to live longer lives. The team is currently working on a breakthrough wearable-as-a-service that will perpetually monitor and analyze users’ 24/7 heart activity. In the case of a life-threatening emergency, iBeat will instantly alert the user, designated loved ones, and emergency responders in real-time, helping to ensure immediate care delivery and potentially saving lives.

In its announcement, the company said the funding from new and existing investors will help sustain the company’s vision to reduce preventable deaths from these kinds of emergencies.