LifeQ, a South African independent provider of biometrics and health information startup announced that it has secured $47 million funding from top investors around the world.
Founded by Laurence Olivier, CEO, and Dr. Franco du Preez, Chief Scientist, LifeQ provides biometrics and health insights derived from wearable devices, helping people live healthier lives. LifeQ intends to use the funds to expand its working capacity which will drive higher reach, growth and profitability.
“LifeQ is proud to partner with the world’s most distinguished investment groups to positively impact the future of health for all people,” stated Mr. Olivier. “We are in the midst of a global health crisis caused by sedentary lifestyle, increased work demands, and unhealthy foods resulting in rapid increase in chronic illnesses worldwide, many of which are preventable. The COVID-19 situation has brought this problem into stark focus. LifeQ has already been integrated into some of the world’s most innovative new wearable products by leading OEMs to bring consumers the healthcare of the future.”
LifeQ has two key value propositions: enabling wearable devices to provide business-grade and near clinical-grade health information streams; and using this data to generate health and wellness solutions for consumer, business and clinical applications. LifeQ is rapidly becoming the preferred health enabler and benchmark for the world’s top consumer electronics companies, powering the next wave of digitally enabled insurance and health management, and has already had significant, life-changing and even life-saving impact on real users’ lives.
Businesses that have incorporated LifeQ into their offerings include prominent global entities such as Samsung, Xiaomi, Fossil Group, Montblanc, Motorola, Suunto, and HannoverRe. Leading semi-conductor manufacturers like Texas Instruments, Qualcomm and Pixart have endorsed LifeQ as the best OEM enabler for users of their chipsets and platforms.
