HealthWatch Receives $20M Investment from Yiling Pharmaceuticals
Summary
HealthWatch, a Tel Aviv, Israel-based developer of medical-grade smart clothing technology, received a $20M investment.Out of the proceeds, $15m will be used to purchase a 23% share in HealthWatch, to support the continued development of its healthcare IoT smart clothing technology and product range.Led by Guy Neev, CEO, and Dr. Yoram Romem, founder and Chairman, HealthWatch has developed a CE/FDA-approved, medical device garment – based on patented textile-sensing technology – that continuously monitors ECG and wider vital signs.The company’s flagship product, MasterCaution®, enables the earlier identification of serious cardiac events including ischemia and arrhythmias, before they become life-threatening.The garment also provides actionable real-time data on sudden patient falls, respiratory difficulties, lack of motion and worrying temperature changes.