Release date: 2013-02-18
Mc10 has just successfully raised $1 million to develop extremely lightweight, flexible, portable electronics.
The company's electronics can be implanted inside the body or outside the body. These products have detectors that monitor blood pressure, brain activity, muscle function and moisture content. They are not just making small traditional electronic instruments small, but they are more flexible so that users don't feel that they are carrying them, and they can provide monitoring functions for users.
Their products are highly regarded by consumers, and companies that compete with them include Battle Sports Sciences and Impakt. The health and fitness sector is an early focus area for the MC10, and they will launch an instrument that can be placed under the helmet of a rugby player in 2013. This product was jointly developed by MC10 and Reebok, which calculates the intensity of the collision and is in the athletes. Remind athletes and off-site team doctors when medical assistance is needed.
People are now paying more and more attention to monitoring their health indicators, so the MC10, a Cambridge-based startup, has a huge opportunity. The MC10 has many well-known consultants, such as Professor Geogre Whitesides and Dr. Marvin Slepian, a cardiologist from the University of Arizona.
Today, the MC10 has received financing from medical device manufacturer Medtronic, as well as venture capital firms North Bridge Venture Partners and raemar Energy Ventures. So far, their total financing has reached $33 million. The company's CEO David Icke said in a statement: "Our investors have formed a strong complement with us, they bring us more than just capital. This partnership will help MC10 accelerate product development speed. We will develop more electronic health products and medical devices for the consumer market."
Source: Kexun
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