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Connected health devices like glucose meters and heart rate monitors are becoming more important, because the cloud technology that might connect them to healthcare systems is becoming more advanced.
One of the most prolific smart health devices makers is iHealth Lab Inc. Today the company says that it has secured $25 million in venture capital from Xiaomi Ventures in its first institutional round of funding. Xiaomi Ventures is a unit of one of the China’s biggest smartphone makers, Xiaomi.
iHealth will use the new money to expand its global reach, accelerate growth and innovation, and invest in additional sales and marketing resources, the company says.
“This investment and partnership should help to extend our global leadership in the mobile health category by providing new capabilities to accelerate growth and new user acquisition,” said Yi Liu, chairman of iHealth’s parent company Andon Health Co. Ltd., in a statement.
In 2012 iHealth launched the first wireless blood pressure monitor, and in 2013, the first wireless blood glucose monitor. iHealth made the first health devices to be carried in Apple retail stores. Its products are now sold in shops like Walgreens, Best Buy, and Amazon.
The company markets its iHealth products in North America, Europe, and Asia.
iHealth’s devices (and accompanying apps) track and share various health vitals, including: blood glucose, blood pressure, heart rate, weight, body fat, lean body mass, activity, and oxygen saturation.
The company was developing an app that integrated with Apple’s HealthKit platform, but the launch of that app will have to wait until Apple fixes problems with HealthKit that came to light this week.
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