Samsung Catalyst Fund, a subsidiary of consumer electronics producer Samsung, has led a $6.75m series A round for US-based wearable sensor technology startup LVL Technologies.
Analogue and mixed-signal technology provider Maxim Integrated Products also participated in the round, through its Maxim Ventures subsidiary, along with unnamed investors from the wearable technology and manufacturing sectors.
Founded as BSX Athletics, LVL is the creator of a sensor platform that can measure hydration levels in the human body as well as other vital signs. It claims its sensors are the first to accurately and continuously track hydration as part of an untethered wearable device.
Shankar Chandran, head of Samsung Catalyst Fund, said: “At Samsung, we have long believed that wearables will help usher in the next wave of innovation in digital health.
“By measuring important data on hydration – which has eluded the industry for years – LVL Technologies has demonstrated the vast potential of wearables technology, and the impact it can have on consumers’ lives.”