Valencell, a Raleigh, N.C.-based developer of performance biometric sensor technology, secured $11m in Series D financing.
The round was led by GII Tech, a new venture fund being launched by UAE-based financial services company GII LLC, with participation from existing investors TDF Ventures and WSJ Joshua Fund.
The company, which has raised $24.5m to date, plans to use the funds to continue its growth and accelerate its innovation in accurate biometric wearable technology.
Led by Michael Dering, CEO, Valencell develops performance biometric sensor technology and licenses this patent-protected technology to consumer electronics manufacturers, mobile device and accessory makers, sports and fitness brands and gaming companies for integration into their products.
Its PerformTek® biometric sensor technology employs active signal characterization to actively characterize biophysical signals for removing physical noise and extracting accurate biometric information. The company’s sensor systems offers accurate wearable biometric technology continuously measuring heart rate, activity and other critical biometrics.
Valencell, which now has over 25 licensees around the world making the most innovative wearables and hearables on the market, recently introduced BioPack™, a biometric sensor system with the PerformTek technology package ready for immediate integration into wearable devices.