The Silicon Valley-based firm has raised funds led by Geek Ventures with participation from CEAS Investments and APX
[Palo Alto, CA – December 15, 2022] Spike API, makers of the API aggregation and an ETL solution for data from wearables and IoT devices, today announced the closing of a $700,000 pre-seed round to help millions of users around the world improve their health. Spike enables companies to integrate biomarker data from more than 200 wearable sensors and IoT devices into their apps.
The pre-seed round of funding was led by Geek Ventures of New York City, with participation from CEAS Investments, a Florida-based firm, and APX, an early-stage investor based in Berlin and backed by Axel Springer and Porsche. Angel investors from Austin, New York City, and the Silicon Valley area have also participated in the round.
“Receiving backing from these experts is a vote of confidence for our team and further solidifies our mission, to bring benefits of cross-sensor data fusion to real-life challenges such as improving health”, said CEO and co-founder Povilas Gudzius. “Wearable sensors are becoming much smaller, more accurate, and accessible to a broader user base. Our solution helps digital health companies easily integrate biosensor data, process it, and apply AI models. Developing this tech in-house is complicated, expensive, and resource-heavy. Spike aims to make this data management journey effortless and open opportunities to the next-gen of healthcare and disease prevention.”
Recent research revealed that over the next 8 years, a person will use up to 30 different IoT devices, which is about 3 times more than what is used now. The growth in wearable sensors and biomarker data has resulted in hundreds of new applications for fitness, diabetes prevention, nutrition, cardiovascular health, mental health, longevity, and others. The data generated is only going to increase, and businesses must leverage it. Spike is designed to gather and analyze this type of data in the most effective and secure way possible.
Data from wearable sensors, smartwatches, IoT devices, and other wearable sensors are actively used throughout the healthcare industry. That said, only a portion of the industry knows how to leverage the data to its potential. Using Spike, businesses can integrate this data from commercially used optical, electrical, electrochemical, and electromechanical sensor types. These devices extract biometric data such as heart rate variability, calories, blood pressure, glucose and cortisol levels, and others. Spike imports these metrics directly into clients’ cloud via a managed ETL service while providing AI tools for recommendation and prevention.
Spike Technologies, Inc., is a B2B data technology and artificial intelligence (AI) startup founded in 2022 and headquartered in Palo Alto, California. Spike provides API aggregation, data pipeline management (ETL), and an AI-backed solution to empower health data from wearables and IoT devices. Spike services clients in the digital health, professional fitness, insurance, and automation sectors. To learn more about Spike, please visit https://spikeapi.com/.