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The company will use the funds to build out the sales and marketing team, as well as to add new capabilities to its platform.

Kyma is working on a remote patient monitoring system for fluid management in a variety of patients including those suffering from heart failure.

The company helps wearable device makers measure the reliability, performance and accuracy of products powered by its technology.

A growing list of vendors, a proliferation of devices, experiences, and price points, and steady consumer adoption will fuel the growth for wearable devices.

It is expected to grow at a CAGR of 40% over the next 5 years, according to a recent report from Research and Markets.

Once launched, the system will be the first mobile-connected CGM in the EU and is indicated for adults and children as young as two years of age.

Rather calling it an activity tracker, the company pitches its device as a movement recognizing controller for those looking to exercise by playing games.

The tie-up with Baidu will allow Quyi to gain more technical support from the Chinese internet giant in terms of Big Data, web security and cloud technology.

The strategic partnership provides Your.MD with a platform for the future expansion of its mobile personal health assistant in the Middle East and elsewhere.

This clearance is part of the company's plan to introduce a universal gateway, which will also run on Android and is currently under development.