Lumo Bodytech, which makes the Lumo Lift posture coach and Lumo Run smart shorts, has raised $10 million in Series B funding to launch the first wearables biomechanics platform. Called Lumo Bodytech Biomechanics Wearables platform, it is described as a combination of hardware, software, and data that will enable companies to integrate human body movements into the next generation of wearables technology. The platform will be available to partners in the apparel, fitness, health, and workplace safety industries who will be able to incorporate real-time motion tracking into their product offerings.
“We’re now entering the next phase of the wearables industry, one where companies like Lumo harness lab-quality data and real-time coaching to solve meaningful health problems and support behavior change,” said Lumo Bodytech CEO and co-founder Monisha Perkash. “With the support of our new investors including WuXi, a leader in research and development in healthcare applications, we can deliver a wearables platform that will ultimately help people address significant health, wellness and performance issues.”
Lumo’s new financing and the release of its platform comes on the heels of the successful launch of the Lumo Run smart shorts. It is the success of its previous products that has helped the company develop technology and design innovations in the areas of connected hardware, software, advanced algorithms, and biomechanical applications.
Lumo’s platform will be available to partners in the apparel, fitness, health, and workplace safety industries.WuXi Healthcare Ventures led the round with participation from previous investors Madrona Venture Group, Innovation Endeavors, AME Cloud Ventures, and Innovalue Capital Ltd; MAS Holdings, and SanDisk founder Eli Harari also join as strategic partners and new investors. Lumo has previously raised more than $6M in equity financing and more than $2M in crowdfunding.
Another company in this space is OMsignal, which has recently launched a similar program (OMlabs) to partner with apparel manufacturers.