Home / iot / Sensor-based baby sock Owlet banks $24M Series B

Sensor-based baby sock Owlet banks $24M Series B


Would possibly 14 2018

Owlet, a connected-baby care corporate raised a $24 million Sequence B funding from Trilogy Fairness Companions, with participation from current traders, together with Eclipse Ventures, Broadway Angels, and Enfield Ventures, and the addition Pelion Mission Companions.

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Owlet Android App

Owlet’s core product is a child sock that comprises a sensible sensor. The sensor screens pulse oximetry, a era utilized in hospitals to measure an toddler’s center fee and blood oxygen ranges. The important indicators are communicated to oldsters’ smartphone by means of Bluetooth connection. The product retails for $299 and fogeys too can make a choice from per month fee plans.

Different IoT-health startups the use of sensors to watch important indicators come with Aifloo, an organization promoting wrist-bands for elders and Air through Propeller, a sensible fitness corporate that gives an API to are expecting native bronchial asthma prerequisites.

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Owlet Sensible Sock 2

An entire product package deal of Owlet observe comprises 3 cloth socks, sensible sock sensor, a base station (which rings an alarm if a child’s important indicators are atypical), and charging cords.

Ahead of the corporate raised the most recent spherical, it closed a $15 million Sequence B spherical in past due 2016. The new funding introduced Owlet’s general fairness investment to $46M. Owlet plans to make use of the expansion capital to release extra little one care merchandise.

“As an organization of fogeys, you will need to us to convey cutting edge era right into a circle of relatives’s on a regular basis existence. This new spherical of investment will permit us to increase our product line, having a look at techniques we will enhance the fitness and wellness of households in any respect levels, from being pregnant on, in addition to building up the emblem’s availability across the world and enhance our accessibility and affordability,”stated Kurt Workman, Owlet Co-Founder and CEO.

Extra Main points

Highlights

+ The Sensible Sock wraps round a child’s foot to trace center fee and oxygen ranges the use of pulse oximetry.

+ Owlet reviews it bought greater than 80,000 devices wherein maximum of its consumers are first time oldsters.

Further Protection

– http://www.prweb.com/releases/2018/05/prweb15471693.htm

– https://www.cnbc.com/2016/08/22/the-sock-that-could-save-your-babys-life.html

– https://techcrunch.com/2017/03/29/owlet-updates-its-smart-baby-health-monitoring-sock-so-babies-cant-kick-it-off/

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