Lumo Bodytech, a Palo Alto, CA-based developer of a wearables biomechanics platform, raised $10m in Series B funding.
The round was led by WuXi Healthcare Ventures with participation from previous investors Madrona Venture Group, Innovation Endeavors, AME Cloud Ventures, and Innovalue Capital Ltd, as well as new investors MAS Holdings, and SanDisk founder Eli Harari.
Led by CEO and co-founder Monisha Perkash, Lumo Bodytech has developed a technology platform that leverages algorithms, software and smart sensors to optimize performance and address human biomechanics through the real-time tracking of body movement. The Lumo Platform, which aims to enable companies to integrate human body movements into wearables technology, will be available to partners in the apparel, fitness, health, and workplace safety industries who seek to incorporate real-time motion tracking into their product offerings.
Current products include the Lumo Lift and Lumo Back posture coaches and activity trackers, as well as the Lumo Run smart running shorts.
FinSMEs
03/11/2015