Wearable Biometric Sensor Startup Gains $10.5 Million in Series E
Valencell, an innovator in wearable biometric sensor technology, secured $10.5 million in Series E financing led by Sonion a/s, a leader in micro acoustic and micro mechanical technologies and solutions for hearing instruments and specialty earphones. Existing investors TDF Ventures, GII LLC, and WSJ Joshua Fund provided additional funding. This brings the total amount of funding raised to date to $35 million.
According to the company, its technology has now been integrated into 30 different wearables and hearables that have come to market around the world, and has the most-cited patent portfolio in wearable PPG, which includes 60 granted patents and 100 additional patents pending. The market for wearable biometric sensors continues to expand beyond traditional consumer wearable devices, particularly in health and medical devices, military and industrial safety, and AR/VR devices and use cases.
Valencell plans to use the funds to accelerate investments in its biometric sensor technology and expand sales growth.