iBeat Raises $3M in Second Seed Funding

iBeat, a San Francisco, CA-based wearable technology company making a lifesaving smartwatch, closed another $3m in funding.

Backers included new investors WTI, SV Tech Ventures, Lee Equity, and renowned entrepreneurs and angel investors Michael Rubin, Mark Burg, and Harald Ludwig. They joined original investors Maveron, Subtraction Capital, Correlation Ventures, Band of Angels, super-angels Ali and Hadi Partovi, KKR founding partner Henry Kravis, and cardiothoracic surgeon and host of “The Dr. Oz Show,” Dr. Mehmet Oz.

The company, which has raised $4.5m in total funding, intends to use the capital to begin clinical testing, refine its sales and marketing strategies, and further scale its tooling and manufacturing operations.

Led by Ryan Howard, founder and CEO, iBeat is currently building a cellular smartwatch that continually monitors users’ 24-7 heart activity, and can also be used to get help in an emergency. In the case of a life-threatening emergency, iBeat will instantly alert the user, people arount them, and emergency responders in real-time, helping ensure immediate care.
The company is also hiring a team of outstanding people, which now includes Dr. Mintu Turakhia (Chief Clinical Consultant), an Associate Professor of Cardiovascular Medicine at Stanford University and Apple product veterans Roby DeManche (manufacturing operations and logistics) and Drew Atkinson (Director of Hardware Engineering).

iBeat expects to double headcount by the end of 2017 and is currently hiring. To see available positions and join a team of remarkable people building tech that saves lives, visit www.ibeat.com/careers.



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