MC10 raised $20 million from undisclosed investors, according to an SEC filing. The company has previously raised $40 million in first, second, and third round funding, bringing its total funding to $60 million. This latest round is the company's largest single round to date.
Previous MC10 investors include Medtronic, Aberdare Ventures, Northbridge Venture partners, Breamar Energy Ventures, Ossage University Partners, Terrawatt Ventures, Windham Venture Partners, and BEV Capital. MC10 also alluded to a second strategic investor in December 2012, which MobiHealthNews speculated might be Reebok.
MC10 hired former Motorola executive Sanjay Gupta (not to be confused with the CNN correspondent) to the position of Vice President of Product Development last month.
"Adding Sanjay to the team will help MC10 accelerate the development of disruptive consumer products that improve our lives," said David Icke, CEO of MC10, said in a statement at the time. "His background in both consumer electronics and wireless communications is a great fit as we bring innovative body-integrated computing to our target markets."
The Cambridge, Massachusetts-based flexible sensor company is most well-known for its CheckLight mesh cap, co-developed with Reebok, designed to provide realtime feedback about athlete head injuries. Lately, though, the company has discussed a number of different wearable sensors, all predicated on the idea of “stretchable” or flexible electronics. The company is developing a patch that measures hydration in near realtime, a wristband that tracks heart rate and activity, and a skin patch that alerts the wearer’s smartphone when it’s time to reapply sunscreen.
On the medical side, the company is developing a skin patch thermometer for remotely monitoring a baby’s temperature as well as stretchable sensors for internal use in catheters and surgical implantation for post-surgical monitoring. Finally, the company has teamed up with the US Army to develop flexible solar panels. John Rogers of the University of Illinois, MC10's cofounder, published a paper in Nature last fall proving that flexible sensors like the ones MC10 is developing could detect a range of things from blood flow to cognitive function.
