The multi-year agreement will allow the companies to work together to develop customized solutions and products for other medical device OEMs.
Two new Benchmark biometric sensor systems are smaller, more power efficient, and deliver Valencell's market-leading biometric accuracy.
The company will use the funds to continue its growth and support further innovation in accurate biometric wearable technology.
The patent infringement lawsuit assert that Apple Watch, Fitbit Surge and Fitbit Charge HR infringe on four of Valencell's patents.
The complete biometric sensor system powered by highly-accurate PerformTek technology for "plug-and-play" integration in wrist and arm wearables.
The company helps wearable device makers measure the reliability, performance and accuracy of products powered by its technology.
Study reveals Valencell's PerformTek biometric tech delivers highly accurate heart rate data during activity, significantly outperforming the Apple Watch.
The new patents cover monitoring and tracking of biometrics across a variety of form-factors, such as earbuds, wristbands, armbands and jewelry.
Valencell makes optomechanical sensor technology that is available in multiple form factors and is used by more consumer brands than competing solutions.
Facility doubles in size to support growing demand from industry-leading licensees developing wearable products powered by PerformTek biometrics.