Home All Stories Chipmaker Intel Acquires San Francisco-Based BASIS Science

Chipmaker Intel Acquires San Francisco-Based BASIS Science

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Intel HQ ccMaking its push into wearable device technology, Santa Clara-based Intel said it has acquired San Francisco-based BASIS Science, developer of a wrist-based health tracker designed to measure fitness and sleep. Financial terms of the deal were not disclosed. BASIS’ wrist-based health tracker uses four types of sensors to calculate steps taken, calories burned and sleep quality, as well as physiological metrics like heart rate. Intel said its strategy is to create wearable reference devices, SoCs and other technology platforms ready to be used by developers of wearable products. “The acquisition of BASIS Science provides immediate entry into the market with a leader in health tracking for wearable devices,” said Mike Bell, the vice president and general manager of Intel’s New Devices Group. “As we accelerate our position in wearables, we will build upon this foundation to deliver products that bring people greater utility and value.” Intel Capital took part in an $11.75 million funding round the company closed in October. Other backers include iNovia Capital, Dolby Family Trust, Stanford University, Peninsula-KCG, Mayfield Fund, DCM and Norwest Venture Partners. Read more

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