iBeat, makers of the heart monitoring smartwatch wearable that perpetually monitors and detects cardiac arrest, heart attack, and atrial fibrillation has closed an additional $3.5M of funding, bringing its total seed stage funding total to $4.5 million. New investors include WTI, SV Tech Ventures, Lee Equity, and renowned entrepreneurs and angel investors Michael Rubin, Mark Burg, and Harald Ludwig.
iBeat plans to use the additional funds to begin clinical testing, refine its sales and marketing strategies, and further scale its tooling and manufacturing operations fueled by significant user demand, including 42,000+ early adopters of the smartwatch.
