Basis Science, the company that makes the Basis Health Tracker Watch, is on the market, according to a TechCrunch report.
The company has reportedly spoken to Google, Apple, and possibly Microsoft and Samsung, about a potential sale.
The price we’ve heard for any possible activity is “sub-hundred million,” which could mean a small return for investors like Norwest Venture Partners, Mayfield Fund and Intel Capital, who have poured over $30 million into the company. The alternative to an acquisition for Basis would be a long-sought-after C round of funding, say those people.
While it's unclear if Apple is interested, the company has been on a major acquisition and hiring spree as it prepares to launch its iWatch. The smartwatch is widely expected to feature sensors that would monitor vital signs and fitness less.
The Basis Health Tracker Watch features Optical Blood Flow, 3-Axis Accelerometer, Perspiration Monitor and Skin Temperature sensors.
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The company has reportedly spoken to Google, Apple, and possibly Microsoft and Samsung, about a potential sale.
The price we’ve heard for any possible activity is “sub-hundred million,” which could mean a small return for investors like Norwest Venture Partners, Mayfield Fund and Intel Capital, who have poured over $30 million into the company. The alternative to an acquisition for Basis would be a long-sought-after C round of funding, say those people.
While it's unclear if Apple is interested, the company has been on a major acquisition and hiring spree as it prepares to launch its iWatch. The smartwatch is widely expected to feature sensors that would monitor vital signs and fitness less.
The Basis Health Tracker Watch features Optical Blood Flow, 3-Axis Accelerometer, Perspiration Monitor and Skin Temperature sensors.
Please follow iClarified on Twitter, Facebook, or RSS for updates.
Read More