Sensifree, a Cupertino, CA-based provider of contact free, electromagnetic sensors that collect a range of continuous biometric data, completed a $5.0m Series A round of financing.
The round was led by TransLink Capital with participation from existing and new investors UMC Capital, a subsidiary of United Microelectronics Corp. (NYSE: UMC) and an undisclosed strategic investor. In conjunction with the funding, TransLink Capital Venture Partner and Senior Advisor, Eric Hsia, will join Sensifree’s Board of Directors.
The company, which has raised $7m to date, intends to use the funds to expand its engineering and product development teams and accelerate its business development efforts.
Led by Eran Agmon, co-founder and CEO, Sensifree provides patented, low power electromagnetic sensors that collect a range of continuous biometric data without the need to touch the human body. The company’s first product is a heart rate sensor for wearable devices for wearable applications such as traditional watches, activity trackers and smart clothing.
Sensifree has an R&D center in Petach-Tikva, Israel.
FinSMEs
24/05/2016