iBeat, a San Francisco, CA-based health tech company, received an investments from SCOR Global Life and Transamerica Ventures.
The amount of the deal was not disclosed.
The company intends to use the funds to advance product marketing and expansion for its lifesaving Heart Watch.
Led by Ryan Howard, founder and CEO, iBeat is bringing to market the iBeat Heart Watch – a cellular smartwatch that continually monitors users’ 24-7 heart activity. In a life-threatening emergency, iBeat will instantly alert the user, the people around, and emergency responders in real-time. The watch also has an emergency help button that can be pressed at any time to get users aid.
iBeat has received upward of 11,000 pre-orders for its personal safety watch that monitors for potential life-threatening cardiac emergencies and will be shipping orders early this summer.
The company will also work with life insurers and reinsurers carriers to offer eligible policyholders the iBeat Heart Watch.