BioBeats raises $2.28m to quantify personal and corporate wellness with machine learning

Tuesday, April 26th 2016 at 1:21pm UTC

NEW YORK–(BUSINESS WIRE)– BioBeats,
the machine learning platform that delivers insights about the real-time
wellbeing of employees in corporate settings, today announced it has
raised $2.28m led by White
Cloud Capital, with participation from AXA
Strategic Ventures and IQ
Capital.

The funding will be used to implement full consumer and corporate
product delivery, as well as commercialization of its biometrics based
coaching app, Hear
and Now.

Founded in 2013, BioBeats believes prevention is the best cure. Using
existing wearable devices and smartphones, this cloud-based software
gathers encrypted biometric information to build unique profiles
regarding sleep, activity, and stress. It then designs personalized
coaching programs around individual wellbeing goals.

For organizations, the platform integrates with HR systems and
productivity suites, delivering anonymous insights on workforce
wellbeing and productivity, while delivering private, personalized
coaching to employees. The application is currently running advanced
pilots in major UK and US companies.

Dr. David Plans, Co-founder at BioBeats, commented: “Understanding
employee wellness is critical to building great global businesses.
BioBeats allows companies to keep a finger on the pulse of their
organizations and encourage individual wellness. Our competitive
advantage is our people, the fact we’ve been doing this longer than
anyone else, and cracking the algorithms and understanding of the
patterns of stress with the onset of disease. This investment will
enable us to expand our reach and product capabilities.”

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About BioBeats

BioBeats is a digital health and artificial intelligence business that
creates corporate and personal wellness solutions. Its world-class team
of scientists and designers includes renowned experts in AI, machine
learning, wearables, cloud solutions and theoretical computer science.

BioBeats’ core solutions are based on many years of research, which
demonstrates that biometric markers are reliable indicators of stress.
The company provides tools to foster wellness at scale such as the app
Hear and Now (recently featured in Apple App Store’s Best New Apps,
April 2016), with bespoke corporate versions in active deployment. The
company’s corporate offering provides solutions to help employees
privately control their own wellness through the use of wearables and
data-driven coaching.

www.biobeats.com

About White Cloud Capital

White Cloud Capital is a private family investment company that invests
strategic growth and venture capital in fast growing companies in
primarily the health and education space.

www.whcloud.com