Israel-based medical device maker EarlySense secured $20m today in a series F round led by Samsung Ventures Israel, the local corporate venturing arm of electronics conglomerate Samsung, which invested $10m.
Medical device maker Welch Allyn and charitable organisation Noaber Foundation, both existing investors, returned for the round, as did Pitango Venture Capital, JK&B and Proseed Venture Capital Fund.
EarlySense has raised a total of $66m across eight rounds, including a $3m seed round in 2006. Welch Allyn formed a strategic partnership with the company in early 2013.
EarlySense has developed a contact-free heart and respiratory rate monitor that can be placed under the mattress to provide early detection of a patient’s deterioration. It has targeted both the medical sector, as well as the consumer wellness market where the monitor can be used to improve sleep.
Gonzalo Martinez de Azagra, head of Samsung Ventures Israel, said: “Our investment is evidence of our belief in the need to bring sensors to hundreds of millions of consumers and we will do all that is in our hands to contribute to EarlySense’s accelerated growth.”