Diabetes management platform One Drop has bought the assets of Sano Intelligence, a US-based glucose sensor technology developer backed by wearable fitness producer Fitbit and semiconductor and data technology provider Intel.
Sano has created a sensor patch enabling diabetics to continuously monitor their glucose levels based on biometric feedback presented through a mobile app.
One Drop will integrate the platform with its data and biomarkers in a bid to improve its own diabetes monitoring service, which covers multiple forms of the disease.
Certain Sano team members will join One Drop as part of the transaction, and the company also expects to leverage Sano’s manufacturing capacity. It already markets software, testing and sensors for diabetes management.
Fitbit invested $6m in Sano Intelligence in early 2018, after a $10.3m seed round in 2015 featuring Intel subsidiary Intel Capital, True Ventures, First Round, Felicis Ventures, Elevation Capital, Floodgate and Rock Health.