AliveCor Raises $65M in Series E
AliveCor has successfully raised $65M in a Series E at a $350M valuation led by Omron Healthcare, Qualcomm Ventures.
Company Overview
AliveCor is a HealthTech company headquartered in Mountain View, CA, founded in 2010 with 200+ employees.
Personal EKG and heart health platform
Fundraising Details
- Amount Raised: $65M
- Round Type: Series E
- Valuation: $350M
- Date: 2021-03-09
- Investors: Omron Healthcare, Qualcomm Ventures
About AliveCor
Personal EKG and heart health platform The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Mountain View, CA
- Founded: 2010
- Team Size: 200+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in AliveCor's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. AliveCor's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $350M valuation marks an important milestone for AliveCor, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, AliveCor is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2021-03-09. For more information about AliveCor, visit their headquarters at Mountain View, CA.
