Valencell, a Raleigh, NC-based developer of wearable biometric sensor technology, secured $10.5M in Series E financing.
The round, which brings the total amount of funding raised to date to $35m, was led by Sonion a/s, with participation from existing investors TDF Ventures, GII LLC, and WSJ Joshua Fund.
The company plans to use the funds to accelerate investments in its biometric sensor technology and expand sales growth.
Led by Michael Dering, CEO, Valencell produces biometric sensor systems and provides this patent-protected technology to consumer electronics manufacturers, mobile device and accessory makers, medical device makers, sports and fitness brands and gaming companies for integration into their products.
Protected by more than 60 granted patents and more than 100 patents pending, the technology can be used in wearables and hearables for virtually anyone, anywhere, doing anything, is scalable to multiple form-factors such as earbuds, smartwatches, armbands and wrist devices.
Sonion and Valencell recently announced a strategic partnership to make biometrics universal in the hearables and hearing health markets.
FinSMEs
13/06/2018