LVL Technologies, Inc., a company developing proprietary sensor platforms for wearables, announced Thursday a $6.75m Series A financing round led by the Samsung Catalyst Fund with participation from Maxim Integrated Products, Inc., and other investors in the wearable technology and manufacturing industries.
According to a media release, The Samsung Catalyst Fund and the round’s other participants were chosen for their innovation in digital health, leadership in wearables, expertise in design and manufacturing, and expansive consumer electronics supply chains.
Formerly known as BSX Athletics, LVL Technologies has developed a unique sensor platform to measure the body’s most critical vital signs, including for the first time ever, hydration.
“Water is such a critical part of who we all are,” said Dr. Dustin Freckleton, founder and CEO of LVL Technologies. “Our bodies are made up mostly of water and yet our internal thirst drive does a surprisingly poor job of helping us stay properly hydrated. This is manifested in numerous ways, from headaches, to joint pain, impaired exercise performance, lowered mental clarity and so much more. All of these can be improved by better hydration habits.”